The upstream segment contracts in North America registered a decrease of 11% with 79 contracts in February 2022, when compared with the previous month’s total of 89 contracts, according to GlobalData’s oil and gas contracts database.
A total of 79 contracts were registered in the upstream segment of North America during the month, when compared with the last 12-month moving average of 67 contracts.
In terms of the number of contracts in North America, the upstream segment contributed the most with 79 contracts in February 2022, followed by midstream and carbon capture segments with nine and four contracts, respectively.
Contract award activity in North America’s upstream segment during February 2022
In February 2022, the US led the activity with 71 contracts and a 90% share of the upstream oil and gas contracts in North America. It saw a decrease of 14% over the previous month’s total of 83 contracts and an increase of 20% when compared with the last 12 month-average of 59 contracts in the US.
In second place was Mexico with five contracts and a 6% share, followed by Canada with three contracts and a 4% share.
Based on 12-month moving average of the contracts in the upstream segment of North America, the US took the top spot with 61 contracts, followed by Canada and Mexico with three contracts each.
Contracts by scope of work in North America’s upstream segment during February 2022
During the month, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 75 contracts, followed by procurement and installation with four and two 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.