The upstream segment contracts in Europe registered a decrease of 26% with 143 contracts in April 2022, when compared with the previous month’s total of 193 contracts, according to GlobalData’s oil and gas contracts database.

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A total of 143 contracts were registered in the upstream segment of Europe during the month, when compared with the last 12-month moving average of 166 contracts.


In terms of the number of contracts in Europe, the upstream segment contributed the most with 143 contracts in April 2022, followed by midstream and downstream segments with 17 and 11 contracts, respectively.

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Contract award activity in Europe’s upstream segment during April 2022

In April 2022, the UK led the activity with 65 contracts and a 45% share of the upstream oil and gas contracts in Europe. It saw a decrease of 13% over the previous month’s total of 75 contracts and a decrease of 7% when compared with the last 12 month-average of 70 contracts in the UK.

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In second place was Norway with 51 contracts and a 36% share, followed by Russia with 19 contracts and a 13% share.

Based on 12-month moving average of the contracts in the upstream segment of Europe, the UK took the top spot with 70 contracts, followed by Norway and Russia with 61 and 16 contracts, respectively.

Contracts by scope of work in Europe’s upstream segment during April 2022

During the month, the majority of upstream segment contracts awarded in the Europe were in the operations & maintenance with 112 contracts, followed by procurement and design & engineering with 22 and 18 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.