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December 14, 2021

Midstream oil and gas contracts down 35% in November 2021

By Carmen

Contracts in the midstream oil and gas segment registered a decrease of 35% with a total of 53 contracts in November 2021, when compared with 82 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 35%, when compared with the last 12-month average of 82 contracts.


Midstream oil and gas contracts in November 2021

By comparing contracts related to the midstream segment in different regions of the globe, Asia-Pacific held the top position with 20 contracts and a 38% share in November 2021, followed by Europe and Middle East with 14 (26%) and 11 (21%) contracts, respectively.


Contracts by scope of work in midstream segment in November 2021

During the month, the majority of contracts in the midstream segment were awarded in the procurement with 21 contracts, followed by design & engineering and construction with 20 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.

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