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October 28, 2021

Midstream oil and gas contracts up 15% in September 2021

By Carmen

Contracts in the midstream oil and gas segment registered an increase of 15% with a total of 63 contracts in September 2021, when compared with 55 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 24%, when compared with the last 12-month average of 83 contracts.


Midstream oil and gas contracts in September 2021

By comparing contracts related to the midstream segment in different regions of the globe, Asia-Pacific held the top position with 24 contracts and a 38% share in September 2021, followed by Europe and Middle East with 23 (37%) and five (8%) contracts, respectively.

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Contracts by scope of work in midstream segment in September 2021

During the month, the majority of contracts in the midstream segment were awarded in the design & engineering with 28 contracts, followed by operations & maintenance and procurement with 19 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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