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December 14, 2021

Contract activities in midstream segment in Asia-Pacific up 5% in November 2021

By Carmen

The midstream segment contracts in Asia-Pacific registered an increase of 5% with 20 contracts in November 2021, when compared with the previous month’s total of 19 contracts, according to GlobalData’s oil and gas contracts database.

A total of 20 contracts were registered in the midstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 27 contracts.


In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 45 contracts in November 2021, followed by midstream and downstream segments with 20 and five contracts, respectively.


Contract award activity in Asia-Pacific’s midstream segment during November 2021

In November 2021, South Korea led the activity with seven contracts and a 35% share of the midstream oil and gas contracts in Asia-Pacific. It saw a flat growth over the previous month’s total of seven contracts and a decrease of 13% when compared with the last 12 month-average of eight contracts in South Korea.

In second place was Australia with four contracts and a 20% share, followed by China with three contracts and a 15% share.

Based on 12-month moving average of the contracts in the midstream segment of Asia-Pacific, South Korea took the top spot with eight contracts, followed by China and India with five and four contracts, respectively.

Contracts by scope of work in Asia-Pacific’s midstream segment during November 2021

During the month, the majority of midstream segment contracts awarded in the Asia-Pacific were in the construction and design & engineering with 10 contracts each, followed by procurement with six contracts.

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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