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September 29, 2021updated 01 Oct 2021 2:47pm

Oil and gas contracts in Asia-Pacific up 9% in Q2 2021

By Carmen

Oil and gas contracts in Asia-Pacific registered an increase of 9% in Q2 2021 with 416 contracts, when compared with 382 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 20%, when compared with the last four-quarter average of 347 contracts.

 

Contract award activity in Asia-Pacific during Q2 2021

Looking at contracts by country, India led the activity in Q2 2021 with 135 contracts and a 32% share of all the oil and gas contracts in the region, followed by China with 73 contracts and an 18% share and Australia with 49 contracts and a 12% share. It saw a decrease of 20% over the previous quarter’s 169 contracts and an increase of 4% when compared with the last four-quarter-average of 130 contracts in India.

Based on five-quarter moving average, India took the top spot with 131 contracts, followed by China and Australia with 59 and 39 contracts, respectively.

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Asia-Pacific’s oil and gas contracts by segment in Q2 2021

Looking at oil and gas contracts by segment in Asia-Pacific, upstream segment contributed the most in terms of the contracts awarded, with 147 contracts in Q2 2021, followed by downstream and midstream with 125 and 94 contracts, respectively.

Contracts by scope of work in Asia-Pacific during Q2 2021

During that quarter, the majority of the contracts awarded were in the procurement space with 209 contracts.

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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