Contracts in the midstream oil and gas segment registered a decrease of 18% with a total of 66 contracts in May 2022, when compared with 80 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 24%, when compared with the last 12-month average of 87 contracts.
Midstream oil and gas contracts in May 2022
By comparing contracts related to the midstream segment in different regions of the globe, Asia-Pacific held the top position with 23 contracts and a 35% share in May 2022, followed by Europe and Middle East with 17 (26%) and eight (12%) contracts, respectively.
Contracts by scope of work in midstream segment in May 2022
During the month, the majority of contracts in the midstream segment were awarded in the procurement with 26 contracts, followed by operations & maintenance and construction with 23 and 18 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.