The downstream segment contracts in Asia-Pacific registered a decrease of 69% with 26 contracts in Q2 2022, when compared with the previous quarter’s total of 85 contracts, according to GlobalData’s oil and gas contracts database.
A total of 26 contracts were registered in the downstream segment of Asia-Pacific during the quarter, when compared with the last four-quarter moving average of 113 contracts.
Contract award activity in Asia-Pacific’s downstream segment during Q2 2022
Looking at the total oil and gas contracts by country in the downstream segment of Asia-Pacific, India led the activity in Q2 2022 with 14 contracts and a 54% share. It saw a decrease of 80% over the previous quarter’s total of 69 contracts and a decrease of 85% when compared with the last four-quarter-average of 92 contracts in India.
In second place was China with three contracts and a 12% share, followed by Pakistan with two contracts and an 8% share.
Based on five-quarter moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 77 contracts, followed by China and Australia with seven and three contracts, respectively.
Contracts by scope of work in Asia-Pacific’s downstream segment during Q2 2022
During the quarter, the majority of downstream segment contracts awarded in the Asia-Pacific were in the procurement with 18 contracts, followed by design & engineering and construction with 11 and six 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.