The downstream segment contracts in Asia-Pacific registered an increase of 83% with 42 contracts in July 2022, when compared with the previous month’s total of 23 contracts, according to GlobalData’s oil and gas contracts database.
A total of 42 contracts were registered in the downstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 39 contracts.
In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 64 contracts in July 2022, followed by downstream and petrochemicals segments with 42 and 25 contracts, respectively.
Contract award activity in Asia-Pacific’s downstream segment during July 2022
In July 2022, India led the activity with 27 contracts and a 64% share of the downstream oil and gas contracts in Asia-Pacific. It saw an increase of 35% over the previous month’s total of 20 contracts and a decrease of 18% when compared with the last 12 month-average of 33 contracts in India.
In second place was China with 12 contracts and a 29% share, followed by Australia with one contract and a 2% share.
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 three and one contract, respectively.
Contracts by scope of work in Asia-Pacific’s downstream segment during July 2022
During the month, the majority of downstream segment contracts awarded in the Asia-Pacific were in the procurement with 40 contracts, followed by design & engineering and installation with four and two contracts, 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.