Contracts in the midstream oil and gas segment registered a decrease of 38% with a total of 75 contracts in April 2022, when compared with 120 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
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The activity marked a decrease of 15%, when compared with the last 12-month average of 88 contracts.
Midstream oil and gas contracts in April 2022
By comparing contracts related to the midstream segment in different regions of the globe, Asia-Pacific held the top position with 34 contracts and a 45% share in April 2022, followed by Europe and North America with 17 (23%) and 12 (16%) contracts, respectively.
Contracts by scope of work in midstream segment in April 2022
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By GlobalDataDuring the month, the majority of contracts in the midstream segment were awarded in the procurement with 28 contracts, followed by construction and design & engineering with 22 contracts 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.
