The midstream segment contracts in South America registered an increase of 60% with eight contracts in Q2 2022, when compared with the previous quarter’s total of five contracts, according to GlobalData’s oil and gas contracts database.
A total of eight 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 52 contracts in Q2 2022, followed by midstream and downstream segments with eight and three contracts, respectively.
Contract award activity in South America’s midstream segment during Q2 2022
Looking at the total oil and gas contracts by country in the midstream segment of South America, Argentina led the activity in Q2 2022 with five contracts and a 63% share.
In second place was Brazil with two contracts and a 25% share.
Based on five-quarter moving average of the contracts in the midstream segment of South America, Brazil took the top spot with two contracts, followed by Argentina with one contract.
Contracts by scope of work in South America’s midstream segment during Q2 2022
During the quarter, the majority of midstream segment contracts awarded in the South America were in the procurement with five contracts, followed by construction and design & engineering with one contract each.
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.