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January 11, 2022

Midstream oil and gas contracts down 21% in December 2021

By Carmen

Contracts in the midstream oil and gas segment registered a decrease of 21% with a total of 49 contracts in December 2021, when compared with 62 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 41%, when compared with the last 12-month average of 83 contracts.


Midstream oil and gas contracts in December 2021

By comparing contracts related to the midstream segment in different regions of the globe, Asia-Pacific held the top position with 22 contracts and a 45% share in December 2021, followed by Europe and North America with 14 (29%) and 10 (20%) contracts, respectively.

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Contracts by scope of work in midstream segment in December 2021

During the month, the majority of contracts in the midstream segment were awarded in the procurement with 20 contracts, followed by design & engineering and operations & maintenance with 18 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.

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