The upstream segment contracts in Europe registered an increase of 3% with 143 contracts in November 2022, when compared with the previous month’s total of 139 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 155 contracts.
In terms of the number of contracts in Europe, the upstream segment contributed the most with 143 contracts in November 2022, followed by midstream and downstream segments with 19 and seven contracts, respectively.
Contract award activity in Europe’s upstream segment during November 2022
In November 2022, Norway led the activity with 77 contracts and a 54% share of the upstream oil and gas contracts in Europe. It saw a decrease of 7% over the previous month’s total of 83 contracts and an increase of 17% when compared with the last 12 month-average of 66 contracts in Norway.
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By GlobalDataIn second place was the UK with 27 contracts and a 19% share, followed by Russia with 20 contracts and a 14% share.
Based on 12-month moving average of the contracts in the upstream segment of Europe, Norway took the top spot with 69 contracts, followed by the UK and Russia with 50 and 19 contracts, respectively.
Contracts by scope of work in Europe’s upstream segment during November 2022
During the month, the majority of upstream segment contracts awarded in the Europe were in the operations & maintenance with 115 contracts, followed by procurement and design & engineering with 20 and 14 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.
