Contracts in the downstream oil and gas segment registered a decrease of 63% with a total of 23 contracts in September 2022, when compared with 63 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 72%, when compared with the last 12-month average of 83 contracts.
Downstream oil and gas contracts in September 2022
By comparing contracts related to the downstream segment in different regions of the globe, Asia-Pacific held the top position with 13 contracts and a 57% share in September 2022, followed by Europe and North America with four contracts and a (17%) share each.
Contracts by scope of work in downstream segment in September 2022
During the month, the majority of contracts in the downstream segment were awarded in the procurement with 14 contracts, followed by operations & maintenance and design & engineering with 10 and seven 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.
