Oil and gas contracts in Asia-Pacific registered a decrease of 23% in November 2022 with 96 contracts, when compared with 124 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 46%, when compared with the last 12-month average of 177 contracts.
Contract award activity in Asia-Pacific during November 2022
Looking at contracts by country, China led the activity in November 2022 with 33 contracts representing a 34% share of all the oil and gas contracts, followed by India with 11 contracts and an 11% share and Malaysia with 10 contracts and a 10% share. It saw an increase of 22% over the previous month’s total of 27 contracts and a decrease of 33% when compared with the last 12 month-average 49 contracts in China.
Based on 12-month moving average, India took the top spot with 59 contracts, followed by China and Australia with 49 and 14 contracts, respectively.
Asia-Pacific’s oil and gas contracts by segment in November 2022
Looking at oil and gas contracts by segment in Asia-Pacific, upstream segment contributed the most in terms of the contracts awarded, with 46 contracts in November 2022, followed by midstream and petrochemicals with 33 and 14 contracts, respectively.
Contracts by scope of work in Asia-Pacific during November 2022
During November 2022, the majority of the contracts awarded were in the procurement space with 44 contracts, followed by design & engineering and operations & maintenance with 29 and 23 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.