Global oil and gas contracts activity improved in 4Q21: GlobalData

摘要

In 4Q21, the oil and gas industry saw an increase of 77% in overall contract value, however, there has been a decrease of 14% in the number of contracts, according to GlobalData. Pritam Kad, Oil and Gas Analyst at GlobalData, comments: "Notable contracts that made significant contributions in terms of value include Saudi Aramco's 16 contracts, with a combined worth of US$10 billion for the subsurface and engineering, procurement, and construction (EPC) works for the development of the Jafurah shale gas field in Saudi Arabia. Moreover, rising crude oil prices and improved margins helped to gain further momentum for contracts activity".