Contracts in the midstream oil and gas segment registered an increase of 11% with a total of 50 contracts in August 2022, when compared with 45 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 42%, when compared with the last 12-month average of 86 contracts.
Midstream oil and gas contracts in August 2022
By comparing contracts related to the midstream segment in different regions of the globe, Asia-Pacific held the top position with 21 contracts and a 42% share in August 2022, followed by Europe and Middle East with 16 (32%) and five (10%) contracts, respectively.
Contracts by scope of work in midstream segment in August 2022
During the month, the majority of contracts in the midstream segment were awarded in the operations & maintenance with 20 contracts, followed by procurement and construction with 17 and 15 contracts, respectively.
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.