The upstream segment contracts in South America registered a decrease of 5% with 20 contracts in July 2022, when compared with the previous month’s total of 21 contracts, according to GlobalData’s oil and gas contracts database.
A total of 20 contracts were registered in the upstream segment of South America during the month, remained flat when compared with the last 12-month average contracts.
In terms of the number of contracts in South America, the upstream segment contributed the most with 20 contracts in July 2022, followed by midstream with two contracts.
Contract award activity in South America’s upstream segment during July 2022
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In July 2022, Brazil led the activity with 17 contracts and an 85% share of the upstream oil and gas contracts in South America. It saw an increase of 21% over the previous month’s total of 14 contracts and an increase of 21% when compared with the last 12 month-average of 14 contracts in Brazil.
In second place was Guyana with three contracts and a 15% share.
Based on 12-month moving average of the contracts in the upstream segment of South America, Brazil took the top spot with 14 contracts, followed by Guyana and Colombia with two and one contract, respectively.
Contracts by scope of work in South America’s upstream segment during July 2022
During the month, the majority of upstream segment contracts awarded in the South America were in the operations & maintenance with 12 contracts, followed by procurement and design & engineering with eight and four 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.