The downstream segment contracts in South America registered an increase with two contracts in May 2022, when compared with no contracts in the previous month, according to GlobalData’s oil and gas contracts database.

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


In terms of the number of contracts in South America, the upstream segment contributed the most with 19 contracts in May 2022, followed by midstream and downstream segments with six and two contracts, respectively.


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

In May 2022, Brazil and Venezuela led the activity with one contract and a 50% share each of the downstream oil and gas contracts in South America.

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 May 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 operations & maintenance 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.