Contracts in the midstream oil and gas segment registered an increase of 6% with a total of 86 contracts in October 2022, when compared with 81 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 2%, when compared with the last 12-month average of 88 contracts.
Midstream oil and gas contracts in October 2022
By comparing contracts related to the midstream segment in different regions of the globe, Asia-Pacific held the top position with 41 contracts and a 48% share in October 2022, followed by Europe and Middle East with 22 (26%) and 10 (12%) contracts, respectively.
Contracts by scope of work in midstream segment in October 2022
During the month, the majority of contracts in the midstream segment were awarded in the procurement with 36 contracts, followed by design & engineering and operations & maintenance with 28 and 27 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.