The downstream segment contracts in South America registered an increase of 200% with three contracts in Q4 2021, when compared with the previous quarter’s total of one contract, according to GlobalData’s oil and gas contracts database.
A total of three contracts were registered in the downstream segment of South America during the quarter, remained flat when compared with the last four-quarter average contracts.
In terms of the number of contracts in South America, the upstream segment contributed the most with 56 contracts in Q4 2021, followed by midstream and downstream segments with four and three contracts, respectively.
Contract award activity in South America’s downstream segment during Q4 2021
Looking at the total oil and gas contracts by country in the downstream segment of South America, Argentina led the activity in Q4 2021 with two contracts and a 67% share. It saw an increase of 200% over the previous quarter’s no contracts and an increase of 100% when compared with the last four-quarter-average of one contract in Argentina.
Based on five-quarter moving average of the contracts in the downstream segment of South America, Argentina and Chile took the top spot with one contract each.
Contracts by scope of work in South America’s downstream segment during Q4 2021
During the quarter, the majority of downstream segment contracts awarded in the South America were in the design & engineering and procurement with two contracts each, followed by installation 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.