View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
April 13, 2022

Contract activities in midstream segment in South America up 25% in Q1 2022

By Carmen

The midstream segment contracts in South America registered an increase of 25% with five contracts in Q1 2022, when compared with the previous quarter’s total of four contracts, according to GlobalData’s oil and gas contracts database.

A total of five contracts were registered in the midstream segment of South America during the quarter, when compared with the last four-quarter moving average of four contracts.


In terms of the number of contracts in South America, the upstream segment contributed the most with 45 contracts in Q1 2022, followed by midstream and downstream segments with five and four contracts, respectively.


Contract award activity in South America’s midstream segment during Q1 2022

Looking at the total oil and gas contracts by country in the midstream segment of South America, Brazil, Suriname and Uruguay led the activity in Q1 2022 with one contract and a 20% share each. It saw a decrease of 50% over the previous quarter’s total of two contracts and a decrease of 50% when compared with the last four-quarter-average of two contracts in Brazil.

Based on five-quarter moving average of the contracts in the midstream segment of South America, Brazil held with two contracts.

Contracts by scope of work in South America’s midstream segment during Q1 2022

During the quarter, the majority of midstream segment contracts awarded in the South America were in the design & engineering with three contracts, followed by operations & maintenance and procurement with two and one contract, respectively.

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU