Contracts in the downstream oil and gas segment registered an increase of 11% with a total of 31 contracts in May 2022, when compared with 28 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 49%, when compared with the last 12-month average of 61 contracts.
Downstream oil and gas contracts in May 2022
By comparing contracts related to the downstream segment in different regions of the globe, Asia-Pacific held the top position with 13 contracts and a 42% share in May 2022, followed by Europe and North America with eight (26%) and six (19%) contracts, respectively.
Contracts by scope of work in downstream segment in May 2022
During the month, the majority of contracts in the downstream segment were awarded in the procurement with 19 contracts, followed by design & engineering and construction with 16 and eight contracts, respectively.
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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.