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October 18, 2021updated 27 Oct 2021 12:09pm

Upstream oil and gas contracts down 2% in September 2021

By Carmen

Contracts in the upstream oil and gas segment registered a decrease of 2% with a total of 313 contracts in September 2021, when compared with 318 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 4%, when compared with the last 12-month average of 325 contracts.

 

Upstream oil and gas contracts in September 2021

By comparing contracts related to the upstream segment in different regions of the globe, Europe held the top position with 171 contracts and a 55% share in September 2021, followed by North America and Asia-Pacific with 61 (19%) and 40 (13%) contracts, respectively.

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Contracts by scope of work in upstream segment in September 2021

During the month, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 198 contracts, followed by design & engineering and procurement with 78 and 73 contracts, respectively.

Methodology

All publicly announced contracts are included in this analysis, which is drawn from GlobalData’s oil and gas contracts database that provides insights into awarded and expired contracts globally.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s oil and gas database.

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