Contracts in the midstream oil and gas segment registered a decrease of 17% with 236 contracts in Q2 2022, when compared with 286 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 12%, when compared with the last four-quarter average of 267 contracts.
Midstream oil and gas contracts in Q2 2022
Asia-Pacific led the contracts activity for midstream segment, with 95 contracts and a 40% share in Q2 2022, followed by North America and Europe with 53 (22%) and 51 (22%) contracts, respectively.
Contracts by scope of work in midstream segment in Q2 2022
During the quarter, the majority of contracts in the midstream segment were awarded in the procurement with 83 contracts, followed by operations & maintenance and design & engineering with 74 and 63 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.