Contracts in the midstream oil and gas segment registered a decrease of 22% with a total of 69 contracts in November 2022, when compared with 88 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 22%, when compared with the last 12-month average of 89 contracts.
Midstream oil and gas contracts in November 2022
By comparing contracts related to the midstream segment in different regions of the globe, Asia-Pacific held the top position with 33 contracts and a 48% share in November 2022, followed by Europe and Middle East with 19 (28%) and eight (12%) contracts, respectively.
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Contracts by scope of work in midstream segment in November 2022
During the month, the majority of contracts in the midstream segment were awarded in the operations & maintenance with 26 contracts, followed by procurement and construction with 21 contracts each.
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.