The downstream segment contracts in South America registered a decrease of 75% with one contract in Q3 2022, when compared with the previous quarter’s total of four 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 quarter, when compared with the last four-quarter moving average of four contracts.
Contract award activity in South America’s downstream segment during Q3 2022
Looking at the total oil and gas contracts by country in the downstream segment of South America, Brazil held one contract and a 100% share in Q3 2022. It saw a decrease of 50% over the previous quarter’s total of two contracts and a flat growth when compared with the last four-quarter-average of one contract in Brazil.
Based on five-quarter moving average of the contracts in the downstream segment of South America, Argentina and Brazil took the top spot with one contract each.
Contracts by scope of work in South America’s downstream segment during Q3 2022
During the quarter, the majority of downstream segment contracts awarded in the South America were in the operations & maintenance with one contract.
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.