Upstream contracts by scope and count, February 2017

The upstream sector reported 120 contracts in the month of February 2017, with the majority in the offshore space. Chartering of offshore support vessels and rigs garnered the majority share with around 63 awarded contracts in the offshore category.

O&M accounted for 67% of the awarded upstream contracts, which included contracts for the provision of semi-submersible and jack-up rigs; charters of Anchor Handling Tug Supply (AHTS) Vessels; Platform Supply Vessels (PSVs), Subsea Construction Vessels (SCVs); onshore drilling including horizontal drilling and oilfield services; automation support services; downhole mechanical isolation services; hydraulic lifting and rigging services; Inspection, Maintenance, and Repair (IMR) services; well-testing services; maintenance services covering Electrical and Instrumentation (E&I), Heating, Ventilation, and Air Conditioning (HVAC) technology, mechanics, and control systems for Floating Production, Storage, and Offloading (FPSO) vessels.

Design and Engineering accounted for nearly 14% of the awarded upstream contracts, with activities focused on conceptual, Front End Engineering and Design (FEED), and pre-FEED stages of the upstream project lifecycle; FEED for platform modifications and FPSO utilization; and upstream project technology and consulting services.

Contracts with multiple scopes, such as construction, design and engineering, installation, O&M, and procurement, accounted for 11% of the contracts awarded in the upstream sector in February 2017. There were contracts for the provision of both High Pressure and High Temperature (HP/HT) standard pressured wellhead and mudline systems and services; FEED, detail design, and procurement services for the multi-phase pump project across the gathering network; Engineering, Procurement, Construction, and Installation (EPCI) work for pipelay operation; supply and installation of umbilicals; provision of subsea services including subsea tie-back works including fabrication and installation of pipeline, spool, and manifolds; EPC brownfield services for compression project and implementation of integrated suite of asset management for the facility modifications and turnarounds; and risk and barrier management services.

Procurement accounted for a mere 6% of the awarded upstream contracts, which included the supply of integrity monitor systems; drilling and pipelay equipment; compressor skids, umbilicals, wellhead control system, and heat exchangers.

   Full report:

https://www.globaldata.com/store/report/gdge539ipar–monthly-oil-gas-industry-contracts-review-contract-award-activity-prominent-in-emea-region/