Oil and Gas Industry Annual Contracts Analytics by Region, Sector (Upstream, Midstream and Downstream), Planned and Awarded Contracts, and Top Contractors
Oil and Gas Industry Annual Contracts Report Overview
The global oil and gas industry’s annual contracts valuation stood at $183.63 billion in 2022. The oil and gas industry reported 6,668 contracts in 2022. The majority of contracts were recorded during Q1 2022, and on the disclosed value front, Q4 2022 contributed the most during the year.
The oil and gas industry annual contracts research report offers detailed comparative data on the number of contracts and their value during the year, subdivided by region, sector, and geography during the year. Additionally, the report provides information on the top contractors and issuers based on the worth of contracts executed in the oil and gas industry by geography over the year.
Oil and Gas Industry Annual Contracts Segmentation by Sector
The oil and gas industry contracts have been categorized into upstream, downstream/petrochemical, and midstream, terms of sector. The upstream sector reported 4,608 contracts during 2022, followed by the downstream/petrochemical and the midstream sector, with 1,106 and 1,056 contracts, respectively during the year.
Oil and Gas Industry Annual Contracts Analysis by Sector, 2022 (%)
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Oil and Gas Industry Annual Contracts Segmentation by Region
The key regions analyzed for oil and gas industry annual contracts are Europe, Asia, North America, the Middle East, South America, Africa, and Oceania. Europe recorded the majority of the contracts, with 2,153 contracts in 2022, followed by Asia and North America with 1,814 and 1,581 contracts, respectively during year.
Oil and Gas Industry Annual Contracts Analysis by Region, 2022 (%)
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Oil and Gas Industry Annual Contracts Segmentation by Scope
The key scope areas for oil and gas industry annual contracts are operations & maintenance (O&M), procurement, multiple, design & engineering, construction, installation, and asset retirement. O&M recorded the maximum number of contracts, with 3,349 contracts during 2022, with the majority of contracts being related to rigs, drilling and support vessels charters to support exploration and production activity in the upstream sector.
Oil and Gas Industry Annual Contracts Analysis by Scope, 2022 (%)
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Oil and Gas Industry Annual Contracts Segmentation by Terrain
The key terrains analyzed for oil and gas industry annual contracts are onshore, offshore, and onshore/offshore. The onshore segment recorded 3,288 contracts in 2022, wherein most of the contracts were for drilling and completion of wells, followed by contracts for plants technology licensing, geophysical services, plant construction services, EPC services and O&M for existing plant/facilities; provision of surface well test equipment and well testing and coiled tubing service; as well as pipeline rerouting and dismantling works, gas dehydration services, well testing and coiled tubing services.
Oil and Gas Industry Annual Contracts Analysis by Terrain, 2022 (%)
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Oil and Gas Industry Annual Contracts – Top Contractors and Issuers
Top Contractors: Some of the top contractors of oil and gas industry contracts are ADNOC Drilling; ADNOC Logistics, Saipem, Samsung Heavy Industries, Hyundai Heavy Industries, Keppel Corp, Schlumberger, DSME, Aker Solutions, Haliburton, and China State Shipbuilding among others. ADNOC Drilling; ADNOC Logistics had the highest count of oil and gas industry contracts in 2022.
Oil and Gas Industry Annual Contracts by Contractors, 2022 (%)
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Top Issuers: Some of the top issuers of oil and gas industry contracts are ADNOC, Petrobras, Aker BP, QatarEnergy, Equinor, Ameer Group, TotalEnergies, Eni, Saudi Aramco, and Exxon Mobil among others. ADNOC was the largest issuer of oil and gas industry contracts in 2022.
Oil and Gas Industry Annual Contracts by Issuers, 2022 (%)
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Oil and Gas Industry Annual Contracts Overview
| Contracts Value (2022) | $183.63 billion |
| Total Number of Contracts (2022) | 6,668 |
| Key Sector | Upstream, Downstream/Petrochemical, and Midstream |
| Key Regions | Europe, Asia, North America, the Middle East, South America, Africa, and Oceania |
| Key Terrain | Onshore, Offshore, and Onshore/Offshore |
| Key Scope | Operations & Maintenance (O&M), Procurement, Multiple, Design & Engineering, Construction, Installation, and Asset Retirement |
| Top Contractors | ADNOC Drilling; ADNOC Logistics, Saipem, Samsung Heavy Industries, Hyundai Heavy Industries, Keppel Corp, Schlumberger, DSME, Aker Solutions, Haliburton, and China State Shipbuilding |
| Top Issuers | ADNOC, Petrobras, Aker BP, QatarEnergy, Equinor, Ameer Group, TotalEnergies, Eni, Saudi Aramco, and Exxon Mobil |
Key Segments Covered in the Report
Oil and Gas Industry Annual Contracts Sector Outlook (Share, 2022, %)
- Upstream
- Downstream/Petrochemical
- Midstream
Oil and Gas Industry Annual Contracts Region Outlook (Share, 2022, %)
- Europe
- Asia
- North America
- Middle East
- South America
- Africa
- Oceania
Oil and Gas Industry Annual Contracts Scope Outlook (Share, 2022, %)
- Operations & Maintenance (O&M)
- Procurement
- Multiple
- Design & Engineering
- Construction, Installation
- Asset Retirement
Oil and Gas Industry Annual Contracts Terrain Outlook (Share, 2022, %)
- Onshore
- Offshore
- Onshore/offshore
Reasons to Buy
- Enhance your decision-making capability in a more rapid and time sensitive manner,
- Find out the major contracts focused sectors for investments in your industry,
- Understand the contracts activity in the oil and gas industry
- Evaluate the type of services offered by key contractors during the month,
- Identify growth sectors and regions wherein contracts opportunities are more lucrative,
- Look for key contractors/issuers if you are looking to award a contract or interested in contracts activity within the oil and gas industry
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The total valuation of the oil and gas industry contracts in 2022 was $183.63 billion.
The oil and gas industry reported 6,668 contracts in 2022.
The key sectors of oil and gas industry annual contracts are upstream, downstream/petrochemical, and midstream.
Europe, Asia, North America, the Middle East, South America, Africa, and Oceania are the key regions for oil and gas industry contracts.
ADNOC Drilling; ADNOC Logistics, Saipem, Samsung Heavy Industries, Hyundai Heavy Industries, Keppel Corp, Schlumberger, DSME, Aker Solutions, Haliburton, and China State Shipbuilding are the top contractors of oil and gas industry contracts in 2022.
ADNOC, Petrobras, Aker BP, QatarEnergy, Equinor, Ameer Group, TotalEnergies, Eni, Saudi Aramco, and Exxon Mobil are the top issuers of oil and gas industry contracts in 2022.
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