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December 14, 2021

Downstream oil and gas contracts down 56% in November 2021

By Carmen

Contracts in the downstream oil and gas segment registered a decrease of 56% with a total of 21 contracts in November 2021, when compared with 48 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 69%, when compared with the last 12-month average of 68 contracts.


Downstream oil and gas contracts in November 2021

By comparing contracts related to the downstream segment in different regions of the globe, Europe held the top position with seven contracts and a 33% share in November 2021, followed by North America and Asia-Pacific with six (29%) and five (24%) contracts, respectively.

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Contracts by scope of work in downstream segment in November 2021

During the month, the majority of contracts in the downstream segment were awarded in the procurement with 12 contracts, followed by design & engineering and construction with 10 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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