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February 11, 2022

Contract activities in downstream segment in Asia-Pacific down 93% in January 2022

By Carmen

The downstream segment contracts in Asia-Pacific registered a decrease of 93% with three contracts in January 2022, when compared with the previous month’s total of 40 contracts, according to GlobalData’s oil and gas contracts database.

A total of three contracts were registered in the downstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 43 contracts.



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

In January 2022, China and India led the activity with one contract and a 33% share each of the downstream oil and gas contracts in Asia-Pacific. It saw an increase of 100% over the previous month’s no contracts and a decrease of 67% when compared with the last 12 month-average of three contracts in China.

Based on 12-month moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 35 contracts, followed by China and Australia with three and one contract, respectively.

Contracts by scope of work in Asia-Pacific’s downstream segment during January 2022

During the month, the majority of downstream segment contracts awarded in the Asia-Pacific were in the construction and operations & maintenance with one contract each, followed by procurement with one contract.

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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