The midstream segment contracts in South America registered an increase of 100% with two contracts in July 2022, when compared with the previous month’s total of one contract, according to GlobalData’s oil and gas contracts database.
A total of two contracts were registered in the midstream segment of South America during the month, remained flat when compared with the last 12-month average contracts.
In terms of the number of contracts in South America, the upstream segment contributed the most with 20 contracts in July 2022, followed by midstream with two contracts.
Contract award activity in South America’s midstream segment during July 2022
In July 2022, Guyana and Uruguay led the activity with one contract and a 50% 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 July 2022
During the month, the majority of midstream segment contracts awarded in the South America were in the design & engineering and installation with one contract each, followed by procurement 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.