The oil and gas industry awarded contracts worth around 31.4 billion U.S. dollars in the first quarter of 2024. This was the lowest quarterly value in the last two years, in line with a lower overall number of contracts awarded. Contracts include primarily arrangements around the procurement, operation, and maintenance of drilling equipment.
Value of oil and gas industry contracts awarded worldwide from 1st quarter 2022 to 1st quarter 2024
(in billion U.S. dollars)
Characteristic
Value of disclosed contracts in billion U.S. dollars
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GlobalData. (May 23, 2024). Value of oil and gas industry contracts awarded worldwide from 1st quarter 2022 to 1st quarter 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1454836/value-of-oil-and-gas-contracts-awarded-worldwide/
GlobalData. "Value of oil and gas industry contracts awarded worldwide from 1st quarter 2022 to 1st quarter 2024 (in billion U.S. dollars)." Chart. May 23, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1454836/value-of-oil-and-gas-contracts-awarded-worldwide/
GlobalData. (2024). Value of oil and gas industry contracts awarded worldwide from 1st quarter 2022 to 1st quarter 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1454836/value-of-oil-and-gas-contracts-awarded-worldwide/
GlobalData. "Value of Oil and Gas Industry Contracts Awarded Worldwide from 1st Quarter 2022 to 1st Quarter 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 23 May 2024, https://www.statista.com/statistics/1454836/value-of-oil-and-gas-contracts-awarded-worldwide/
GlobalData, Value of oil and gas industry contracts awarded worldwide from 1st quarter 2022 to 1st quarter 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1454836/value-of-oil-and-gas-contracts-awarded-worldwide/ (last visited August 24, 2024)
Value of oil and gas industry contracts awarded worldwide from 1st quarter 2022 to 1st quarter 2024 (in billion U.S. dollars) [Graph], GlobalData, May 23, 2024. [Online]. Available: https://www.statista.com/statistics/1454836/value-of-oil-and-gas-contracts-awarded-worldwide/