The upstream segment contracts in Europe registered a decrease of 3% with 142 contracts in September 2022, when compared with the previous month’s total of 147 contracts, according to GlobalData’s oil and gas contracts database.
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A total of 142 contracts were registered in the upstream segment of Europe during the month, when compared with the last 12-month moving average of 157 contracts.
In terms of the number of contracts in Europe, the upstream segment contributed the most with 142 contracts in September 2022, followed by midstream and carbon capture segments with 19 and four contracts, respectively.
Contract award activity in Europe’s upstream segment during September 2022
In September 2022, Norway led the activity with 80 contracts and a 56% share of the upstream oil and gas contracts in Europe. It saw an increase of 1% over the previous month’s total of 79 contracts and an increase of 29% when compared with the last 12 month-average of 62 contracts in Norway.
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By GlobalDataIn second place was the UK with 21 contracts and a 15% share, followed by Russia with 18 contracts and a 13% share.
Based on 12-month moving average of the contracts in the upstream segment of Europe, Norway took the top spot with 62 contracts, followed by the UK and Russia with 55 and 17 contracts, respectively.
Contracts by scope of work in Europe’s upstream segment during September 2022
During the month, the majority of upstream segment contracts awarded in the Europe were in the operations & maintenance with 122 contracts, followed by procurement and design & engineering with 18 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.
