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  1. Market Data
April 13, 2022

Contract activities in downstream segment in South America down 67% in March 2022

By Carmen

The downstream segment contracts in South America registered a decrease of 67% with one contract in March 2022, when compared with the previous month’s total of three 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 seven contracts in March 2022, followed by midstream and downstream segments with two and one contract, respectively.


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

In March 2022, Argentina held one contract and a 100% share of the downstream oil and gas contracts in South America. It saw a decrease of 50% over the previous month’s total of two contracts and a flat growth when compared with the last 12 month-average of one contract in Argentina.

Based on 12-month moving average of the contracts in the downstream segment of South America, Argentina held with one contract.

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

During the month, the majority of downstream segment contracts awarded in the South America were in the design & engineering 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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