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July 14, 2022

Downstream oil and gas contracts down 52% in June 2022

By Carmen

Contracts in the downstream oil and gas segment registered a decrease of 52% with a total of 15 contracts in June 2022, when compared with 31 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 75%, when compared with the last 12-month average of 60 contracts.


Downstream oil and gas contracts in June 2022

By comparing contracts related to the downstream segment in different regions of the globe, Africa held the top position with five contracts and a 33% share in June 2022, followed by Asia-Pacific and North America with four (27%) and three (20%) contracts, respectively.


Contracts by scope of work in downstream segment in June 2022

During the month, the majority of contracts in the downstream segment were awarded in the procurement with nine contracts, followed by design & engineering and installation with six 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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