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November 12, 2021

Downstream oil and gas contracts down 41% in October 2021

By Carmen

Contracts in the downstream oil and gas segment registered a decrease of 41% with a total of 33 contracts in October 2021, when compared with 56 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 51%, when compared with the last 12-month average of 67 contracts.


Downstream oil and gas contracts in October 2021

By comparing contracts related to the downstream segment in different regions of the globe, Europe held the top position with 13 contracts and a 39% share in October 2021, followed by Middle East and Asia-Pacific with nine (27%) and six (18%) contracts, respectively.


Contracts by scope of work in downstream segment in October 2021

During the month, the majority of contracts in the downstream segment were awarded in the design & engineering with 19 contracts, followed by procurement and construction with 17 and 10 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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