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  1. Market Data
April 13, 2022

Contract activities in downstream segment in Asia-Pacific down 42% in March 2022

By Carmen

The downstream segment contracts in Asia-Pacific registered a decrease of 42% with 11 contracts in March 2022, when compared with the previous month’s total of 19 contracts, according to GlobalData’s oil and gas contracts database.

A total of 11 contracts were registered in the downstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 40 contracts.


In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 71 contracts in March 2022, followed by midstream and downstream segments with 58 and 11 contracts, respectively.


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

In March 2022, China led the activity with four contracts and a 36% share of the downstream oil and gas contracts in Asia-Pacific. It saw an increase of 100% over the previous month’s total of two contracts and an increase of 33% when compared with the last 12 month-average of three contracts in China, followed by India and Malaysia with two contracts 18% share each.

Based on 12-month moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 28 contracts, followed by China and Australia with three and one contract, respectively.

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

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