Oil and gas contracts in Asia-Pacific registered a decrease of 22% in Q2 2022 with 376 contracts, when compared with 479 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 14%, when compared with the last four-quarter average of 435 contracts.

Contract award activity in Asia-Pacific during Q2 2022

Looking at contracts by country, China led the activity in Q2 2022 with 161 contracts and a 43% share of all the oil and gas contracts in the region, followed by India with 44 contracts and a 12% share and South Korea with 41 contracts and an 11% share. It saw a decrease of 22% over the previous quarter’s 207 contracts and an increase of 44% when compared with the last four-quarter-average of 112 contracts in China.

Based on five-quarter moving average, China took the top spot with 122 contracts, followed by India and Australia with 109 and 50 contracts, respectively.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Asia-Pacific’s oil and gas contracts by segment in Q2 2022

Looking at oil and gas contracts by segment in Asia-Pacific, upstream segment contributed the most in terms of the contracts awarded, with 198 contracts in Q2 2022, followed by midstream and petrochemicals with 95 and 38 contracts, respectively.

Contracts by scope of work in Asia-Pacific during Q2 2022

During that quarter, the majority of the contracts awarded were in the procurement space with 192 contracts, followed by design & engineering and operations & maintenance with 100 and 71 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.