The midstream segment contracts in South America remained flat in October 2022, when compared with the previous month’s total of four contracts, according to GlobalData’s oil and gas contracts database.
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A total of four contracts 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 13 contracts in October 2022, followed by midstream and petrochemicals segments with four and one contract, respectively.
Contract award activity in South America’s midstream segment during October 2022
In October 2022, Colombia led the activity with two contracts and a 50% share of the midstream oil and gas contracts in South America, followed by Peru and Brazil with one contract 25% share each.
Based 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 October 2022
During the month, the majority of midstream segment contracts awarded in the South America were in the operations & maintenance with two contracts, followed by procurement and construction 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.
