Contracts in the downstream oil and gas segment registered a decrease of 44% with 100 contracts in Q1 2022, when compared with 180 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 55%, when compared with the last four-quarter average of 220 contracts.
Downstream oil and gas contracts in Q1 2022
Asia-Pacific led the contracts activity for downstream segment, with 52 contracts and a 52% share in Q1 2022, followed by Europe and North America with 17 (17%) and 14 (14%) contracts, respectively.
Contracts by scope of work in downstream segment in Q1 2022
During the quarter, the majority of contracts in the downstream segment were awarded in the procurement with 53 contracts, followed by design & engineering and operations & maintenance with 48 and 23 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.