Contracts in the downstream oil and gas segment registered a decrease of 50% with 74 contracts in Q2 2022, when compared with 147 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 63%, when compared with the last four-quarter average of 198 contracts.
Downstream oil and gas contracts in Q2 2022
Asia-Pacific led the contracts activity for downstream segment, with 26 contracts and a 35% share in Q2 2022, followed by Europe and North America with 21 (28%) and 13 (18%) contracts, respectively.
Contracts by scope of work in downstream segment in Q2 2022
During the quarter, the majority of contracts in the downstream segment were awarded in the procurement with 49 contracts, followed by design & engineering and construction with 32 and 16 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.