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December 14, 2021

Contract activities in downstream segment in Asia-Pacific down 76% in November 2021

By Carmen

The downstream segment contracts in Asia-Pacific registered a decrease of 76% with five contracts in November 2021, when compared with the previous month’s total of 21 contracts, according to GlobalData’s oil and gas contracts database.

A total of five contracts were registered in the downstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 41 contracts.


In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 45 contracts in November 2021, followed by midstream and downstream segments with 20 and five contracts, respectively.


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Contract award activity in Asia-Pacific’s downstream segment during November 2021

In November 2021, India, Malaysia and New Zealand led the activity with one contract and a 20% share each of the downstream oil and gas contracts in Asia-Pacific. It saw a decrease of 95% over the previous month’s total of 19 contracts and a decrease of 97% when compared with the last 12 month-average of 35 contracts in India.

Based on 12-month moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 32 contracts, followed by China and Australia with two and one contract, respectively.

Contracts by scope of work in Asia-Pacific’s downstream segment during November 2021

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