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September 29, 2021updated 06 Oct 2021 4:59pm

Contract activities in upstream segment in North America down 10% in Q2 2021

By Carmen

The upstream segment contracts in North America registered a decrease of 10% with 169 contracts in Q2 2021, when compared with the previous quarter’s total of 187 contracts, according to GlobalData’s oil and gas contracts database.

A total of 169 contracts were registered in the upstream segment of North America during the quarter, when compared with the last four-quarter moving average of 165 contracts.

 

In terms of the number of contracts in North America, the upstream segment contributed the most with 169 contracts in Q2 2021, followed by midstream and downstream segments with 74 and 20 contracts, respectively.

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Contract award activity in North America’s upstream segment during Q2 2021

Looking at the total oil and gas contracts by country in the upstream segment of North America, the US led the activity in Q2 2021 with 150 contracts and an 89% share. It saw a decrease of 11% over the previous quarter’s total of 169 contracts and an increase of 3% when compared with the last four-quarter-average of 145 contracts in the US.

In second place was Canada with nine contracts and a 5% share, followed by Mexico with five contracts and a 3% share.

Based on five-quarter moving average of the contracts in the upstream segment of North America, the US took the top spot with 146 contracts, followed by Mexico and Canada with 10 and six contracts, respectively.

Contracts by scope of work in North America’s upstream segment during Q2 2021

During the quarter, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 134 contracts, followed by procurement with 28 contracts.

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.

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