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  1. Market Data
April 13, 2022

Contract activities in midstream segment in South America down 33% in March 2022

By Carmen

The midstream segment contracts in South America registered a decrease of 33% with two contracts in March 2022, when compared with the previous month’s total of three contracts, 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 seven contracts in March 2022, followed by midstream and downstream segments with two and one contract, respectively.


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

In March 2022, Uruguay led the activity with one contract and a 50% share 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 March 2022

During the month, the majority of midstream segment contracts awarded in the South America were in the operations & maintenance and procurement 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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