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September 29, 2021updated 08 Oct 2021 8:06am

Contract activities in downstream segment in South America down 50% in Q2 2021

By Carmen

The downstream segment contracts in South America registered a decrease of 50% with two contracts in Q2 2021, when compared with the previous quarter’s total of four contracts, 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 quarter, when compared with the last four-quarter moving average of three contracts.

 

In terms of the number of contracts in South America, the upstream segment contributed the most with 65 contracts in Q2 2021, followed by petrochemicals and downstream segments with two contracts each.

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Contract award activity in South America’s downstream segment during Q2 2021

Looking at the total oil and gas contracts by country in the downstream segment of South America, Argentina held two contracts and a 100% share in Q2 2021.

Based on five-quarter moving average of the contracts in the downstream segment of South America, Brazil and Chile took the top spot with one contract each.

Contracts by scope of work in South America’s downstream segment during Q2 2021

During the quarter, the majority of downstream segment contracts awarded in the South America were in the design & engineering and procurement with one contract each.

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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