Contracts in the upstream oil and gas segment registered a decrease of 11% with a total of 344 contracts in September 2022, when compared with 388 contracts in the previous month, according to GlobalData ’s oil and gas contracts database.

The activity marked a decrease of 10%, when compared with the last 12-month average of 382 contracts.


Upstream oil and gas contracts in September 2022

By comparing contracts related to the upstream segment in different regions of the globe, Europe held the top position with 142 contracts and a 41% share in September 2022, followed by North America and Asia-Pacific with 114 (33%) and 30 (9%) contracts, respectively.


Contracts by scope of work in upstream segment in September 2022

During the month, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 269 contracts, followed by procurement and design & engineering with 67 and 42 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.