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August 22, 2022updated 12 Sep 2022 9:19am

Downstream oil and gas contracts up 43% in July 2022

By Carmen

Contracts in the downstream oil and gas segment registered an increase of 43% with a total of 50 contracts in July 2022, when compared with 35 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 23%, when compared with the last 12-month average of 65 contracts.


Downstream oil and gas contracts in July 2022

By comparing contracts related to the downstream segment in different regions of the globe, Asia-Pacific held the top position with 42 contracts and an 84% share in July 2022, followed by Middle East and Europe with four (8%) and three (6%) contracts, respectively.


Contracts by scope of work in downstream segment in July 2022

During the month, the majority of contracts in the downstream segment were awarded in the procurement with 46 contracts, followed by design & engineering and construction with seven and three 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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