Contracts in the midstream oil and gas segment registered a decrease of 14% with a total of 65 contracts in June 2022, when compared with 76 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 27%, when compared with the last 12-month average of 89 contracts.
Midstream oil and gas contracts in June 2022
By comparing contracts related to the midstream segment in different regions of the globe, Asia-Pacific held the top position with 35 contracts and a 54% share in June 2022, followed by Europe and North America with 15 (23%) and nine (14%) contracts, respectively.
Contracts by scope of work in midstream segment in June 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 25 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.