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November 12, 2021

Midstream oil and gas contracts down 14% in October 2021

By Carmen

Contracts in the midstream oil and gas segment registered a decrease of 14% with a total of 59 contracts in October 2021, when compared with 69 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 81 contracts.


Midstream oil and gas contracts in October 2021

By comparing contracts related to the midstream segment in different regions of the globe, Europe held the top position with 24 contracts and a 41% share in October 2021, followed by Asia-Pacific and North America with 17 (29%) and 12 (20%) contracts, respectively.


Contracts by scope of work in midstream segment in October 2021

During the month, the majority of contracts in the midstream segment were awarded in the design & engineering with 22 contracts, followed by procurement and operations & maintenance with 20 and 16 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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