Oil and gas contracts in Asia-Pacific registered a decrease of 9% in December 2021 with 89 contracts, when compared with 98 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 32%, when compared with the last 12-month average of 131 contracts.


Contract award activity in Asia-Pacific during December 2021

Looking at contracts by country, China led the activity in December 2021 with 22 contracts representing a 25% share of all the oil and gas contracts, followed by India with 21 contracts and a 24% share and Australia with 16 contracts and an 18% share. It saw a flat growth over the previous month’s total of 22 contracts and a decrease of 4% when compared with the last 12 month-average 23 contracts in China.

Based on 12-month moving average, India took the top spot with 43 contracts, followed by China and Australia with 22 and 16 contracts, respectively.


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

Looking at oil and gas contracts by segment in Asia-Pacific, upstream segment contributed the most in terms of the contracts awarded, with 41 contracts in December 2021, followed by midstream and downstream with 22 and 16 contracts, respectively.

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

During December 2021, the majority of the contracts awarded were in the procurement space with 43 contracts, followed by operations & maintenance and design & engineering with 29 contracts 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.