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September 29, 2021updated 04 Oct 2021 3:13pm

Oil and gas contracts in Asia-Pacific up 2% in August 2021

By Carmen

Oil and gas contracts in Asia-Pacific registered an increase of 2% in August 2021 with 118 contracts, when compared with 116 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 8%, when compared with the last 12-month average of 128 contracts.

 

Contract award activity in Asia-Pacific during August 2021

Looking at contracts by country, India led the activity in August 2021 with 37 contracts representing a 31% share of all the oil and gas contracts, followed by China with 27 contracts and a 23% share and Australia with 23 contracts and a 19% share. It saw an increase of 19% over the previous month’s total of 31 contracts and a decrease of 20% when compared with the last 12 month-average 46 contracts in India.

Based on 12-month moving average, India took the top spot with 45 contracts, followed by China and Australia with 21 and 15 contracts, respectively.

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Asia-Pacific’s oil and gas contracts by segment in August 2021

Looking at oil and gas contracts by segment in Asia-Pacific, downstream and upstream segment contributed the most in terms of the contracts awarded, with 40 contracts each in August 2021.

Contracts by scope of work in Asia-Pacific during August 2021

During August 2021, the majority of the contracts awarded were in the procurement space with 62 contracts, followed by design & engineering and operations & maintenance with 43 and 37 contracts, 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.

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