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  1. Market Data
February 11, 2022

Oil and gas contracts in Asia-Pacific down 10% in January 2022

By Carmen

Oil and gas contracts in Asia-Pacific registered a decrease of 10% in January 2022 with 118 contracts, when compared with 131 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 11%, when compared with the last 12-month average of 132 contracts.


Contract award activity in Asia-Pacific during January 2022

Looking at contracts by country, China led the activity in January 2022 with 68 contracts representing a 58% share of all the oil and gas contracts, followed by Australia with 14 contracts and a 12% share and India with eight contracts and a 7% share.

Based on 12-month moving average, India took the top spot with 45 contracts, followed by China and Australia with 27 and 18 contracts, respectively.


Asia-Pacific’s oil and gas contracts by segment in January 2022

Looking at oil and gas contracts by segment in Asia-Pacific, upstream segment contributed the most in terms of the contracts awarded, with 79 contracts in January 2022, followed by midstream and petrochemicals with 32 and five contracts, respectively.

Contracts by scope of work in Asia-Pacific during January 2022

During January 2022, the majority of the contracts awarded were in the procurement space with 52 contracts, followed by operations & maintenance and design & engineering with 43 and 24 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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