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July 14, 2022

Contract activities in downstream segment in South America down 50% in June 2022

By Carmen

The downstream segment contracts in South America registered a decrease of 50% with one contract in June 2022, when compared with the previous month’s total of two contracts, according to GlobalData’s oil and gas contracts database.

A total of one contract were registered in the downstream segment of South America during the month, remained flat when compared with the last 12-month average contracts.


In terms of the number of contracts in South America, the upstream segment contributed the most with 18 contracts in June 2022, followed by downstream and midstream segments with one contract each.


Contract award activity in South America’s downstream segment during June 2022

In June 2022, Brazil held one contract and a 100% share of the downstream oil and gas contracts in South America.

Contracts by scope of work in South America’s downstream segment during June 2022

During the month, the majority of downstream segment contracts awarded in the South America were in the construction and design & engineering with one contract each, followed by installation with one contract.

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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