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October 28, 2021

Downstream oil and gas contracts down 48% in September 2021

By Carmen

Contracts in the downstream oil and gas segment registered a decrease of 48% with a total of 48 contracts in September 2021, when compared with 93 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 29%, when compared with the last 12-month average of 68 contracts.


Downstream oil and gas contracts in September 2021

By comparing contracts related to the downstream segment in different regions of the globe, Asia-Pacific held the top position with 17 contracts and a 35% share in September 2021, followed by Europe and Middle East with 16 (33%) and eight (17%) contracts, respectively.


Contracts by scope of work in downstream segment in September 2021

During the month, the majority of contracts in the downstream segment were awarded in the procurement with 25 contracts, followed by design & engineering and operations & maintenance with 23 and 14 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.

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