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September 17, 2021updated 06 Oct 2021 4:47pm

Contract activities in downstream segment in Asia-Pacific down 20% in Q2 2021

By Carmen

The downstream segment contracts in Asia-Pacific registered a decrease of 20% with 125 contracts in Q2 2021, when compared with the previous quarter’s total of 157 contracts, according to GlobalData’s oil and gas contracts database.

A total of 125 contracts were registered in the downstream segment of Asia-Pacific during the quarter, when compared with the last four-quarter moving average of 121 contracts.

 

In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 147 contracts in Q2 2021, followed by downstream and midstream segments with 125 and 94 contracts, respectively.

 

Contract award activity in Asia-Pacific’s downstream segment during Q2 2021

Looking at the total oil and gas contracts by country in the downstream segment of Asia-Pacific, India led the activity in Q2 2021 with 106 contracts and an 85% share. It saw a decrease of 26% over the previous quarter’s total of 143 contracts and an increase of 5% when compared with the last four-quarter-average of 101 contracts in India.

In second place was China with seven contracts and a 6% share, followed by Australia with five contracts and a 4% share.

Based on five-quarter moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 102 contracts, followed by China and Australia with six and three contracts, respectively.

Contracts by scope of work in Asia-Pacific’s downstream segment during Q2 2021

During the quarter, the majority of downstream segment contracts awarded in the Asia-Pacific were in the procurement with 74 contracts, followed by operations & maintenance with 40 contracts.

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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