The upstream segment contracts in North America registered an increase of 13% with 63 contracts in December 2021, when compared with the previous month’s total of 56 contracts, according to GlobalData’s oil and gas contracts database.
A total of 63 contracts were registered in the upstream segment of North America during the month, when compared with the last 12-month moving average of 64 contracts.
In terms of the number of contracts in North America, the upstream segment contributed the most with 63 contracts in December 2021, followed by midstream and downstream segments with 10 and three contracts, respectively.
Contract award activity in North America’s upstream segment during December 2021
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In December 2021, the US led the activity with 58 contracts and a 92% share of the upstream oil and gas contracts in North America. It saw an increase of 23% over the previous month’s total of 47 contracts and an increase of 4% when compared with the last 12 month-average of 56 contracts in the US, followed by Mexico and Trinidad and Tobago with two contracts 3% share each.
Based on 12-month moving average of the contracts in the upstream segment of North America, the US took the top spot with 56 contracts, followed by Canada and Mexico with three contracts each.
Contracts by scope of work in North America’s upstream segment during December 2021
During the month, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 54 contracts, followed by procurement and design & engineering with seven and five contracts, respectively.
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.