Contracts in the midstream oil and gas segment registered a decrease of 35% with 183 contracts in Q3 2022, when compared with 282 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.
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The activity marked a decrease of 33%, when compared with the last four-quarter average of 273 contracts.
Midstream oil and gas contracts in Q3 2022
Asia-Pacific led the contracts activity for midstream segment, with 75 contracts and a 41% share in Q3 2022, followed by Europe and North America with 51 (28%) and 29 (16%) contracts, respectively.
See Also:
Contracts by scope of work in midstream segment in Q3 2022
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By GlobalDataDuring the quarter, the majority of contracts in the midstream segment were awarded in the procurement with 70 contracts, followed by operations & maintenance and construction with 58 and 49 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.
