Contracts in the downstream oil and gas segment registered a decrease of 45% with a total of 22 contracts in November 2022, when compared with 40 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
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The activity marked a decrease of 73%, when compared with the last 12-month average of 81 contracts.
Downstream oil and gas contracts in November 2022
By comparing contracts related to the downstream segment in different regions of the globe, Asia-Pacific held the top position with eight contracts and a 36% share in November 2022, followed by Europe and Middle East with seven (32%) and four (18%) contracts, respectively.
Contracts by scope of work in downstream segment in November 2022
During the month, the majority of contracts in the downstream segment were awarded in the procurement with 15 contracts, followed by design & engineering and operations & maintenance with nine and seven 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.
