The downstream segment contracts in Asia-Pacific registered a decrease of 46% with 61 contracts in Q4 2021, when compared with the previous quarter’s total of 113 contracts, according to GlobalData’s oil and gas contracts database.
A total of 61 contracts were registered in the downstream segment of Asia-Pacific during the quarter, when compared with the last four-quarter moving average of 130 contracts.
In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 131 contracts in Q4 2021, followed by downstream and midstream segments with 61 contracts each.
Contract award activity in Asia-Pacific’s downstream segment during Q4 2021
Looking at the total oil and gas contracts by country in the downstream segment of Asia-Pacific, India led the activity in Q4 2021 with 53 contracts and an 87% share. It saw a decrease of 40% over the previous quarter’s total of 89 contracts and a decrease of 52% when compared with the last four-quarter-average of 111 contracts in India.
In second place was Malaysia with three contracts and a 5% share, followed by Thailand with two contracts and a 3% share.
Based on five-quarter moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 99 contracts, followed by China and Australia with seven and two contracts, respectively.
Contracts by scope of work in Asia-Pacific’s downstream segment during Q4 2021
During the quarter, the majority of downstream segment contracts awarded in the Asia-Pacific were in the procurement with 35 contracts, followed by operations & maintenance and design & engineering with 22 and 16 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.