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September 15, 2022

Contract activities in midstream segment in South America up 50% in August 2022

By Carmen

The midstream segment contracts in South America registered an increase of 50% with three contracts in August 2022, when compared with the previous month’s total of two contracts, according to GlobalData’s oil and gas contracts database.

A total of three contracts were registered in the midstream segment of South America during the month, when compared with the last 12-month moving average of two contracts.


In terms of the number of contracts in South America, the upstream segment contributed the most with 18 contracts in August 2022, followed by midstream and petrochemicals segments with three and one contract, respectively.


Contract award activity in South America’s midstream segment during August 2022

In August 2022, Guyana, Peru and Uruguay led the activity with one contract and a 33% share each of the midstream oil and gas contracts in South America.

Based on 12-month moving average of the contracts in the midstream segment of South America, Brazil held with one contract.

Contracts by scope of work in South America’s midstream segment during August 2022

During the month, the majority of midstream segment contracts awarded in the South America were in the procurement with two contracts, followed by construction and design & engineering with one contract 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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