The downstream segment contracts in Asia-Pacific registered a decrease of 69% with eight contracts in November 2022, when compared with the previous month’s total of 26 contracts, according to GlobalData’s oil and gas contracts database.
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A total of eight contracts were registered in the downstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 61 contracts.
Contract award activity in Asia-Pacific’s downstream segment during November 2022
In November 2022, India led the activity with six contracts and a 75% share of the downstream oil and gas contracts in Asia-Pacific. It saw a decrease of 75% over the previous month’s total of 24 contracts and a decrease of 89% when compared with the last 12 month-average of 55 contracts in India.
In second place was Malaysia with one contract and a 13% share.
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By GlobalDataBased on 12-month moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 50 contracts, followed by China and Indonesia with three and one contract, respectively.
Contracts by scope of work in Asia-Pacific’s downstream segment during November 2022
During the month, the majority of downstream segment contracts awarded in the Asia-Pacific were in the procurement with six contracts, followed by design & engineering and operations & maintenance with two and one contract, 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.
