Contracts in the upstream oil and gas segment registered a decrease of 12% with a total of 334 contracts in October 2022, when compared with 379 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 13%, when compared with the last 12-month average of 382 contracts.
Upstream oil and gas contracts in October 2022
By comparing contracts related to the upstream segment in different regions of the globe, Europe held the top position with 138 contracts and a 41% share in October 2022, followed by North America and Asia-Pacific with 105 (31%) and 43 (13%) contracts, respectively.
Contracts by scope of work in upstream segment in October 2022
During the month, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 251 contracts, followed by procurement and design & engineering with 65 and 36 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.