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November 12, 2021

Contract activities in midstream segment in South America down 50% in October 2021

By Carmen

The midstream segment contracts in South America registered a decrease of 50% with one contract in October 2021, when compared with the previous month’s total of two contracts, according to GlobalData’s oil and gas contracts database.

A total of one contract 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 14 contracts in October 2021, followed by midstream with one contract.


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Contract award activity in South America’s midstream segment during October 2021

In October 2021, Venezuela held one contract and a 100% 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 October 2021

During the month, the majority of midstream segment contracts awarded in the South America were in the procurement 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.

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