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  1. Market Data
September 15, 2022

Contract activities in downstream segment in Asia-Pacific down 66% in August 2022

By Carmen

The downstream segment contracts in Asia-Pacific registered a decrease of 66% with 21 contracts in August 2022, when compared with the previous month’s total of 61 contracts, according to GlobalData’s oil and gas contracts database.

A total of 21 contracts were registered in the downstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 53 contracts.


In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 43 contracts in August 2022, followed by downstream and midstream segments with 21 contracts each.


Contract award activity in Asia-Pacific’s downstream segment during August 2022

In August 2022, India led the activity with 19 contracts and a 90% share of the downstream oil and gas contracts in Asia-Pacific. It saw a decrease of 59% over the previous month’s total of 46 contracts and a decrease of 58% when compared with the last 12 month-average of 45 contracts in India.

In second place was Australia with two contracts and a 10% share.

Based on 12-month moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 42 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 2022

During the month, the majority of downstream segment contracts awarded in the Asia-Pacific were in the procurement with 19 contracts, followed by design & engineering and construction with six and four 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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