The downstream segment contracts in Asia-Pacific registered a decrease of 56% with seven contracts in April 2022, when compared with the previous month’s total of 16 contracts, according to GlobalData’s oil and gas contracts database.
A total of seven contracts were registered in the downstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 35 contracts.
Contract award activity in Asia-Pacific’s downstream segment during April 2022
In April 2022, India led the activity with four contracts and a 57% share of the downstream oil and gas contracts in Asia-Pacific. It saw a decrease of 50% over the previous month’s total of eight contracts and a decrease of 86% when compared with the last 12 month-average of 29 contracts in India, followed by Mongolia and Taiwan with one contract 14% share each.
Based on 12-month moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 27 contracts, followed by China and Australia with three and one contract, respectively.
Contracts by scope of work in Asia-Pacific’s downstream segment during April 2022
During the month, the majority of downstream segment contracts awarded in the Asia-Pacific were in the design & engineering with five contracts, followed by procurement and construction with four and one contract, 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.