The upstream segment contracts in North America registered a decrease of 8% with 69 contracts in October 2021, when compared with the previous month’s total of 75 contracts, according to GlobalData’s oil and gas contracts database.
A total of 69 contracts were registered in the upstream segment of North America during the month, when compared with the last 12-month moving average of 61 contracts.
In terms of the number of contracts in North America, the upstream segment contributed the most with 69 contracts in October 2021, followed by midstream and downstream segments with 12 and five contracts, respectively.
Contract award activity in North America’s upstream segment during October 2021
In October 2021, the US led the activity with 62 contracts and a 90% share of the upstream oil and gas contracts in North America. It saw a flat growth over the previous month’s total of 62 contracts and an increase of 15% when compared with the last 12 month-average of 54 contracts in the US.
In second place was Trinidad and Tobago with four contracts and a 6% share, followed by Bermuda with one contract and a 1% share.
Based on 12-month moving average of the contracts in the upstream segment of North America, the US took the top spot with 55 contracts, followed by Mexico and Canada with three and two contracts, respectively.
Contracts by scope of work in North America’s upstream segment during October 2021
During the month, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 59 contracts, followed by procurement and design & engineering with eight and six 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.