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September 29, 2021updated 05 Oct 2021 2:48pm

Contract activities in downstream segment in Asia-Pacific up 54% in August 2021

By Carmen

The downstream segment contracts in Asia-Pacific registered an increase of 54% with 40 contracts in August 2021, when compared with the previous month’s total of 26 contracts, according to GlobalData’s oil and gas contracts database.

A total of 40 contracts were registered in the downstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 42 contracts.

 

In terms of the number of contracts in Asia-Pacific, the downstream and upstream segment contributed the most with 40 contracts each in August 2021, followed by midstream segment with 17 contracts.

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Contract award activity in Asia-Pacific’s downstream segment during August 2021

In August 2021, India led the activity with 33 contracts and an 83% share of the downstream oil and gas contracts in Asia-Pacific. It saw an increase of 65% over the previous month’s total of 20 contracts and a decrease of 11% when compared with the last 12 month-average of 37 contracts in India.

Based on 12-month moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 36 contracts, followed by China and Australia with three and one contract, respectively.

Contracts by scope of work in Asia-Pacific’s downstream segment during August 2021

During the month, the majority of downstream segment contracts awarded in the Asia-Pacific were in the procurement with 25 contracts, followed by operations & maintenance with 17 contracts.

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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