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  1. Market Data
July 14, 2022

Contract activities in downstream segment in Asia-Pacific down 69% in June 2022

By Carmen

The downstream segment contracts in Asia-Pacific registered a decrease of 69% with four contracts in June 2022, when compared with the previous month’s total of 13 contracts, according to GlobalData’s oil and gas contracts database.

A total of four contracts were registered in the downstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 33 contracts.



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

In June 2022, India led the activity with three contracts and a 75% share of the downstream oil and gas contracts in Asia-Pacific. It saw a decrease of 57% over the previous month’s total of seven contracts and a decrease of 88% when compared with the last 12 month-average of 26 contracts in India.

In second place was Kazakhstan with one contract and a 25% share.

Based on 12-month moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 23 contracts, followed by China and Australia with two and one contract, respectively.

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

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

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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