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January 11, 2022

Contract activities in upstream segment in North America down 12% in Q4 2021

By Carmen

The upstream segment contracts in North America registered a decrease of 12% with 188 contracts in Q4 2021, when compared with the previous quarter’s total of 213 contracts, according to GlobalData’s oil and gas contracts database.

A total of 188 contracts were registered in the upstream segment of North America during the quarter, when compared with the last four-quarter moving average of 187 contracts.


In terms of the number of contracts in North America, the upstream segment contributed the most with 188 contracts in Q4 2021, followed by midstream and downstream segments with 52 and 14 contracts, respectively.


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Contract award activity in North America’s upstream segment during Q4 2021

Looking at the total oil and gas contracts by country in the upstream segment of North America, the US led the activity in Q4 2021 with 167 contracts and an 89% share. It saw a decrease of 7% over the previous quarter’s total of 180 contracts and an increase of 1% when compared with the last four-quarter-average of 166 contracts in the US.

In second place was Mexico with eight contracts and a 4% share, followed by Trinidad and Tobago with seven contracts and a 4% share.

Based on five-quarter moving average of the contracts in the upstream segment of North America, the US took the top spot with 166 contracts, followed by Mexico and Canada with 10 and seven contracts, respectively.

Contracts by scope of work in North America’s upstream segment during Q4 2021

During the quarter, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 161 contracts, followed by procurement and design & engineering with 18 and 17 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.

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