Oil and gas contracts in Asia-Pacific remained flat in July 2022 with 142 contracts, when compared with contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 7%, when compared with the last 12-month average of 152 contracts.
Contract award activity in Asia-Pacific during July 2022
Looking at contracts by country, China led the activity in July 2022 with 61 contracts representing a 43% share of all the oil and gas contracts, followed by India with 34 contracts and a 24% share and Australia with 13 contracts and a 9% share. It saw an increase of 30% over the previous month’s total of 47 contracts and an increase of 36% when compared with the last 12 month-average 45 contracts in China.
Based on 12-month moving average, China took the top spot with 48 contracts, followed by India and Australia with 44 and 16 contracts, respectively.
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Asia-Pacific’s oil and gas contracts by segment in July 2022
Looking at oil and gas contracts by segment in Asia-Pacific, upstream segment contributed the most in terms of the contracts awarded, with 64 contracts in July 2022, followed by downstream and petrochemicals with 42 and 25 contracts, respectively.
Contracts by scope of work in Asia-Pacific during July 2022
During July 2022, the majority of the contracts awarded were in the procurement space with 95 contracts, followed by design & engineering and operations & maintenance with 34 and 24 contracts, respectively.
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.