Contracts in the midstream oil and gas segment registered an increase of 5% with a total of 65 contracts in January 2022, when compared with 62 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 20%, when compared with the last 12-month average of 81 contracts.
Midstream oil and gas contracts in January 2022
By comparing contracts related to the midstream segment in different regions of the globe, Asia-Pacific held the top position with 32 contracts and a 49% share in January 2022, followed by Europe and North America with 16 (25%) and eight (12%) contracts, respectively.
Contracts by scope of work in midstream segment in January 2022
During the month, the majority of contracts in the midstream segment were awarded in the procurement with 23 contracts, followed by operations & maintenance and construction with 22 and 19 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.