Contracts in the midstream oil and gas segment registered an increase of 28% with a total of 78 contracts in September 2022, when compared with 61 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 9%, when compared with the last 12-month average of 86 contracts.
Midstream oil and gas contracts in September 2022
By comparing contracts related to the midstream segment in different regions of the globe, Asia-Pacific held the top position with 35 contracts and a 45% share in September 2022, followed by Europe and North America with 19 (24%) and 14 (18%) contracts, respectively.
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Contracts by scope of work in midstream segment in September 2022
During the month, the majority of contracts in the midstream segment were awarded in the operations & maintenance with 26 contracts, followed by procurement and construction with 23 and 22 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.