Top 10 Oil & Gas Contractors in the World in 2021 by Contract Value
Saipem SpA, Daewoo Shipbuilding & Marine Engineering Co Ltd, Samsung Heavy Industries Co Ltd, TechnipFMC Plc, and Samsung Engineering Co Ltd are the top 5 oil & gas contractors in the world in 2021 by contract value. In total, the top 10 oil & gas contractors in the world had a contract value of $688,977 million, where Saipem SpA had the highest contract value ($101,915 million) and Chiyoda Corp had the lowest ($43,778 million). In aggregate, these top companies generated revenue of $56,462 million with an average revenue growth decline of 9.2% in 2021. None of the top 8 companies had a revenue increase in 2021. In terms of the geographic split, 5 out of 10 of the world’s top contractors are based in the Asia Pacific, while 4 are based in Europe and one is based in the United States of America. They employed a total of 153,379 people in 2021. The Italian company Saipem SpA is the leading oil & gas contractor in the world (by contract value). The company reported revenues of $8,131 million for the fiscal year ended December 2021 (FY2021), an increase of 7.1% over FY2020, due to improvement of operational efficiency, digitalization of assets, and diversification and extension of their fleet, clients, and geographical areas. The company is an engineering, procurement, and construction (EPC) contractor. It offers integrated basic design, pre-front end engineering design (FEED), and management of complex projects, from design to decommissioning in extreme environments including remote areas and deep waters. In 2021, the company employs 32,041 people. South Korea based Daewoo Shipbuilding & Marine Engineering Co Ltd is one of the leading oils & gas contractors in the world (by contract value). The company reported revenues of $3,921 million for the fiscal year ended December 2021 (FY2021), a decrease of 36.1% over FY2020. It is a manufacturer of offshore structures and ships. It serves oil and gas exploration and production industries. DSME also manufactures tankers, fleets for transportation of crude oil and other refined petroleum products. The company has operations in the UK, Norway, Angola, Greece, the US, Indonesia, the UAE, Singapore, Japan, and Brazil. It employs 13,199 people in 2021.