Contracts in the downstream oil and gas segment registered a decrease of 35% with a total of 24 contracts in April 2022, when compared with 37 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 61%, when compared with the last 12-month average of 62 contracts.


Downstream oil and gas contracts in April 2022

By comparing contracts related to the downstream segment in different regions of the globe, Europe held the top position with 11 contracts and a 46% share in April 2022, followed by Asia-Pacific and Middle East with seven (29%) and four (17%) contracts, respectively.


Contracts by scope of work in downstream segment in April 2022

During the month, the majority of contracts in the downstream segment were awarded in the procurement with 17 contracts, followed by design & engineering and construction with 10 and five contracts, respectively.

Methodology

All publicly announced contracts are included in this analysis, which is drawn from GlobalData’s oil and gas contracts database that provides insights into awarded and expired contracts globally.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s oil and gas database.