The midstream segment contracts in South America registered a decrease of 75% with one contract in November 2022, when compared with the previous month’s total of four contracts, according to GlobalData’s oil and gas contracts database.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
A total of one contract were registered in the midstream segment of South America during the month, when compared with the last 12-month moving average of three contracts.
In terms of the number of contracts in South America, the upstream segment contributed the most with 22 contracts in November 2022, followed by downstream and midstream segments with one contract each.
Contract award activity in South America’s midstream segment during November 2022
In November 2022, Brazil held one contract and a 100% share of the midstream oil and gas contracts in South America. It saw a flat growth over the previous month’s total of one contract and a flat growth when compared with the last 12 month-average of one contract in Brazil.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataBased on 12-month moving average of the contracts in the midstream segment of South America, Argentina and Brazil took the top spot with one contract each.
Contracts by scope of work in South America’s midstream segment during November 2022
During the month, the majority of midstream segment contracts awarded in the South America were in the operations & maintenance with one contract.
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.
