The midstream segment contracts in South America registered an increase with three contracts in February 2022, when compared with no contracts in the previous month, 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 one contract.
In terms of the number of contracts in South America, the upstream segment contributed the most with 29 contracts in February 2022, followed by downstream and midstream segments with three contracts each.
Contract award activity in South America’s midstream segment during February 2022
In February 2022, Brazil and Suriname led the activity with one contract and a 33% share each of the midstream oil and gas contracts in South America. It saw an increase of 100% over the previous month’s no contracts and a flat growth when compared with the last 12 month-average of one contract in Brazil.
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 February 2022
During the month, the majority of midstream segment contracts awarded in the South America were in the design & engineering with three contracts, followed by operations & maintenance with one contract.
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.