The downstream segment contracts in Asia-Pacific registered an increase of 44% with 13 contracts in May 2022, when compared with the previous month’s total of nine contracts, according to GlobalData’s oil and gas contracts database.
A total of 13 contracts were registered in the downstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 34 contracts.
In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 68 contracts in May 2022, followed by midstream and downstream segments with 23 and 13 contracts, respectively.
Contract award activity in Asia-Pacific’s downstream segment during May 2022
In May 2022, India led the activity with seven contracts and a 54% share of the downstream oil and gas contracts in Asia-Pacific. It saw an increase of 75% over the previous month’s total of four contracts and a decrease of 74% when compared with the last 12 month-average of 27 contracts in India, followed by Indonesia and Pakistan with two contracts 15% share each.
Based on 12-month moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 24 contracts, followed by China and Australia with three and one contract, respectively.
Contracts by scope of work in Asia-Pacific’s downstream segment during May 2022
During the month, the majority of downstream segment contracts awarded in the Asia-Pacific were in the procurement with nine contracts, followed by design & engineering and construction with five and four 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.