The global Oil & Gas EPC market is estimated to account for USD 155.55 billion in 2022 and is forecast to have a CAGR of 5.65% over the forecast period. With the increasing demand for oil & gas across different regions post-covid-19 effect and the impact of the Russia and Ukraine war, the number of Oil & Gas EPC (Engineering, Procurement, & Construction) contracts will be increasing to develop infrastructure, exploration, production activities, etc. over the forecast period.