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January 11, 2022

Contract activities in downstream segment in Asia-Pacific down 20% in December 2021

By Carmen

The downstream segment contracts in Asia-Pacific registered a decrease of 20% with 16 contracts in December 2021, when compared with the previous month’s total of 20 contracts, according to GlobalData’s oil and gas contracts database.

A total of 16 contracts were registered in the downstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 41 contracts.


In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 41 contracts in December 2021, followed by midstream and downstream segments with 22 and 16 contracts, respectively.


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

In December 2021, India led the activity with 14 contracts and an 88% share of the downstream oil and gas contracts in Asia-Pacific. It saw a decrease of 13% over the previous month’s total of 16 contracts and a decrease of 60% when compared with the last 12 month-average of 35 contracts in India, followed by Malaysia and Thailand with one contract 6% share each.

Based on 12-month moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 33 contracts, followed by China and Australia with two and one contract, respectively.

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

During the month, the majority of downstream segment contracts awarded in the Asia-Pacific were in the design & engineering with eight contracts, followed by procurement and operations & maintenance with six and five 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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