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September 29, 2021updated 04 Oct 2021 3:12pm

Downstream oil and gas contracts down 11% in Q2 2021

By Carmen

Contracts in the downstream oil and gas segment registered a decrease of 11% with 205 contracts in Q2 2021, when compared with 230 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 10%, when compared with the last four-quarter average of 187 contracts.


Downstream oil and gas contracts in Q2 2021

Asia-Pacific led the contracts activity for downstream segment, with 125 contracts and a 61% share in Q2 2021, followed by Europe and North America with 43 (21%) and 20 (10%) contracts, respectively.

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Contracts by scope of work in downstream segment in Q2 2021

During the quarter, the majority of contracts in the downstream segment were awarded in the procurement with 117 contracts, followed by design & engineering and operations & maintenance with 61 and 57 contracts, respectively.


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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