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March 21, 2022

Downstream oil and gas contracts down 8% in February 2022

By Carmen

Contracts in the downstream oil and gas segment registered a decrease of 8% with a total of 24 contracts in February 2022, when compared with 26 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 65%, when compared with the last 12-month average of 68 contracts.


Downstream oil and gas contracts in February 2022

By comparing contracts related to the downstream segment in different regions of the globe, Asia-Pacific held the top position with 11 contracts and a 46% share in February 2022, followed by Europe and Middle East with five (21%) and four (17%) contracts, respectively.


Contracts by scope of work in downstream segment in February 2022

During the month, the majority of contracts in the downstream segment were awarded in the design & engineering with 14 contracts, followed by procurement and operations & maintenance with 11 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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