Europe, the Middle East and Africa (EMEA) experienced great activity in the oil and gas contracts in April 2016, says a report by GlobalData. The activity was driven primarily by the multiple contracts received by Wood Group from major oil companies.

Titled ‘Monthly Oil & Gas Industry Contracts Review – Wood Group’s Engineering Service Contracts Drive Activity in the EMEA Region‘, the report claims that a $500m contract received from BP accounts for the top contract secured by Wood Group in April. The five-year engineering, procurement and construction management services contract is for the Azerbaijan sector of the Caspian Sea and represented 48% of the total awarded contracts.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all
"KNPC was the top contracts issuer with $17.3bn worth of issued contracts, followed by Statoil with $7.37bn."

Other notable contracts obtained by the group include a $150m operation, maintenance and technical support contract in the UK continental shelf (UKCS) from Nexen Energy, followed by contracts from Statoil, which focused on engineering services and studies for subsea field, pipelines and increasing the lifetime of pipeline systems.

The report also outlines the top contractors, which include Daewoo Engineering & Construction with contracts totalling $8.94bn, followed by Hyundai Engineering & Construction with contracts worth $8.8bn. KNPC was the top contracts issuer with $17.3bn worth of issued contracts, followed by Statoil with $7.37bn.

The leading category in awarded contracts was operations and maintenance, which accounted for 48% of the total contracts awarded in April. Contracts that included multiple services, such as design and engineering, procurement, operations and maintenance, construction and installation were the second most awarded category with a 21% share in the total contracts.

See Also:

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.