Contracts in the midstream oil and gas segment registered a decrease of 16% with 196 contracts in Q4 2021, when compared with 233 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 21%, when compared with the last four-quarter average of 249 contracts.
Midstream oil and gas contracts in Q4 2021
Asia-Pacific led the contracts activity for midstream segment, with 61 contracts and a 31% share in Q4 2021, followed by Europe and North America with 59 (30%) and 52 (27%) contracts, respectively.
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Contracts by scope of work in midstream segment in Q4 2021
During the quarter, the majority of contracts in the midstream segment were awarded in the design & engineering with 67 contracts, followed by procurement and operations & maintenance with 66 and 65 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.