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August 22, 2022updated 14 Sep 2022 6:10am

Midstream oil and gas contracts down 41% in July 2022

By Carmen

Contracts in the midstream oil and gas segment registered a decrease of 41% with a total of 43 contracts in July 2022, when compared with 73 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 51%, when compared with the last 12-month average of 87 contracts.


Midstream oil and gas contracts in July 2022

By comparing contracts related to the midstream segment in different regions of the globe, Asia-Pacific held the top position with 16 contracts and a 37% share in July 2022, followed by Europe and Middle East with 15 (35%) and five (12%) contracts, respectively.


Contracts by scope of work in midstream segment in July 2022

During the month, the majority of contracts in the midstream segment were awarded in the procurement with 26 contracts, followed by design & engineering and construction with 17 and 10 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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