Over the last twelve months (LTM), the number of Oil & Gas contracts in the Global Upstream sector recorded a decrease of 37.8%, reaching 275 contracts in December 2022.
In December 2022, the Oil & Gas contracts awarded decreased by 15.4% over the last month. In the last twelve months, an average of 356 contracts were awarded.
Over the LTM period, the number of Oil & Gas Contracts in the Upstream sector observed a negative Compound Monthly Growth Rate (CMGR) of 3.9%. During the same period, December 2021 recorded the most number of Oil and Gas contracts awarded in the Upstream sector, with 442 contracts. While December 2022 recorded the least number of Oil and Gas contracts awarded in the Upstream sector, with 275 contracts.
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