Contracts in the downstream oil and gas segment registered a decrease of 23% with 164 contracts in Q3 2022, when compared with 214 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 38%, when compared with the last four-quarter average of 263 contracts.
Downstream oil and gas contracts in Q3 2022
Asia-Pacific led the contracts activity for downstream segment, with 137 contracts and an 84% share in Q3 2022, followed by Europe and Middle East with 10 (6%) and seven (4%) contracts, respectively.
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Contracts by scope of work in downstream segment in Q3 2022
During the quarter, the majority of contracts in the downstream segment were awarded in the procurement with 137 contracts, followed by operations & maintenance and design & engineering with 27 and 21 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.