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September 29, 2021updated 01 Oct 2021 2:52pm

Midstream oil and gas contracts down 34% in August 2021

By Carmen

Contracts in the midstream oil and gas segment registered a decrease of 34% with a total of 48 contracts in August 2021, when compared with 73 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 44%, when compared with the last 12-month average of 85 contracts.

 

Midstream oil and gas contracts in August 2021

By comparing contracts related to the midstream segment in different regions of the globe, Asia-Pacific held the top position with 17 contracts and a 35% share in August 2021, followed by Europe and North America with 15 (31%) and seven (15%) contracts, respectively.

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Contracts by scope of work in midstream segment in August 2021

During the month, the majority of contracts in the midstream segment were awarded in the operations & maintenance with 23 contracts, followed by procurement and design & engineering with 17 and 16 contracts, respectively.

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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