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  1. Market Data
January 11, 2022

Downstream oil and gas contracts down 13% in December 2021

By Carmen

Contracts in the downstream oil and gas segment registered a decrease of 13% with a total of 33 contracts in December 2021, when compared with 38 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 51%, when compared with the last 12-month average of 68 contracts.


Downstream oil and gas contracts in December 2021

By comparing contracts related to the downstream segment in different regions of the globe, Asia-Pacific held the top position with 16 contracts and a 48% share in December 2021, followed by Europe and Middle East with six contracts and a (18%) share each.


Contracts by scope of work in downstream segment in December 2021

During the month, the majority of contracts in the downstream segment were awarded in the design & engineering and procurement with 16 contracts each, followed by operations & maintenance with 10 contracts.

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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