The upstream segment contracts in North America registered an increase of 28% with 254 contracts in Q1 2022, when compared with the previous quarter’s total of 199 contracts, according to GlobalData’s oil and gas contracts database.
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A total of 254 contracts were registered in the upstream segment of North America during the quarter, when compared with the last four-quarter moving average of 193 contracts.
In terms of the number of contracts in North America, the upstream segment contributed the most with 254 contracts in Q1 2022, followed by midstream and downstream segments with 40 and 14 contracts, respectively.
Contract award activity in North America’s upstream segment during Q1 2022
Looking at the total oil and gas contracts by country in the upstream segment of North America, the US led the activity in Q1 2022 with 234 contracts and a 92% share. It saw an increase of 34% over the previous quarter’s total of 174 contracts and an increase of 38% when compared with the last four-quarter-average of 170 contracts in the US.
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By GlobalDataIn second place was Mexico with 10 contracts and a 4% share, followed by Canada with nine 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 182 contracts, followed by Mexico and Canada with 10 and eight contracts, respectively.
Contracts by scope of work in North America’s upstream segment during Q1 2022
During the quarter, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 229 contracts, followed by design & engineering and procurement with 15 and 14 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.
