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.
Go deeper with GlobalData
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
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataDuring 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.
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.
