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September 29, 2021updated 01 Oct 2021 2:48pm

Midstream oil and gas contracts up 10% in Q2 2021

By Carmen

Contracts in the midstream oil and gas segment registered an increase of 10% with 267 contracts in Q2 2021, when compared with 242 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 5%, when compared with the last four-quarter average of 254 contracts.

 

Midstream oil and gas contracts in Q2 2021

Asia-Pacific led the contracts activity for midstream segment, with 94 contracts and a 35% share in Q2 2021, followed by North America and Europe with 74 (28%) and 69 (26%) contracts, respectively.

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Contracts by scope of work in midstream segment in Q2 2021

During the quarter, the majority of contracts in the midstream segment were awarded in the operations & maintenance with 86 contracts, followed by procurement and construction with 82 contracts each.

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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