The midstream segment contracts in South America registered an increase of 500% with six contracts in May 2022, when compared with the previous month’s total of one contract, according to GlobalData’s oil and gas contracts database.
A total of six 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 19 contracts in May 2022, followed by midstream and downstream segments with six and two contracts, respectively.
Contract award activity in South America’s midstream segment during May 2022
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In May 2022, Argentina led the activity with four contracts and a 67% share of the midstream oil and gas contracts in South America.
In second place was Brazil with two contracts and a 33% share.
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 May 2022
During the month, the majority of midstream segment contracts awarded in the South America were in the procurement with four contracts, followed by construction and operations & maintenance with one contract each.
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.