The downstream segment contracts in Asia-Pacific registered a decrease of 15% with 137 contracts in Q3 2022, when compared with the previous quarter’s total of 161 contracts, according to GlobalData ’s oil and gas contracts database.
A total of 137 contracts were registered in the downstream segment of Asia-Pacific during the quarter, when compared with the last four-quarter moving average of 184 contracts.
In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 148 contracts in Q3 2022, followed by downstream and midstream segments with 137 and 75 contracts, respectively.
Contract award activity in Asia-Pacific’s downstream segment during Q3 2022
Looking at the total oil and gas contracts by country in the downstream segment of Asia-Pacific, India led the activity in Q3 2022 with 118 contracts and an 86% share. It saw a decrease of 20% over the previous quarter’s total of 147 contracts and a decrease of 28% when compared with the last four-quarter-average of 164 contracts in India.
In second place was China with 12 contracts and a 9% share, followed by Australia with three contracts and a 2% share.
Based on five-quarter moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 155 contracts, followed by China and Australia with eight and two contracts, respectively.
Contracts by scope of work in Asia-Pacific’s downstream segment during Q3 2022
During the quarter, the majority of downstream segment contracts awarded in the Asia-Pacific were in the procurement with 118 contracts, followed by operations & maintenance and design & engineering with 18 and 14 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.