Contracts in the downstream oil and gas segment registered a decrease of 78% with a total of 14 contracts in January 2022, when compared with 65 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 80%, when compared with the last 12-month average of 70 contracts.
Downstream oil and gas contracts in January 2022
By comparing contracts related to the downstream segment in different regions of the globe, Europe held the top position with six contracts and a 43% share in January 2022, followed by Asia-Pacific and North America with three contracts and a (21%) share each.
Contracts by scope of work in downstream segment in January 2022
During the month, the majority of contracts in the downstream segment were awarded in the procurement with 11 contracts, followed by design & engineering and installation with six and three contracts, respectively.
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.