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September 15, 2022

Downstream oil and gas contracts down 58% in August 2022

By Carmen

Contracts in the downstream oil and gas segment registered a decrease of 58% with a total of 29 contracts in August 2022, when compared with 69 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 62%, when compared with the last 12-month average of 77 contracts.


Downstream oil and gas contracts in August 2022

By comparing contracts related to the downstream segment in different regions of the globe, Asia-Pacific held the top position with 21 contracts and a 72% share in August 2022, followed by Europe and Middle East with three (10%) and two (7%) contracts, respectively.


Contracts by scope of work in downstream segment in August 2022

During the month, the majority of contracts in the downstream segment were awarded in the procurement with 26 contracts, followed by design & engineering and construction with seven 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.

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