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September 29, 2021updated 08 Oct 2021 8:18am

Contract activities in midstream segment in South America down 80% in Q2 2021

By Carmen

The midstream segment contracts in South America registered a decrease of 80% with one contract in Q2 2021, when compared with the previous quarter’s total of five 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 quarter, when compared with the last four-quarter moving average of three contracts.



Contract award activity in South America’s midstream segment during Q2 2021

Looking at the total oil and gas contracts by country in the midstream segment of South America, Colombia held one contract and a 100% share in Q2 2021.

Based on five-quarter 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 Q2 2021

During the quarter, the majority of midstream segment contracts awarded in the South America were in the design & engineering 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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