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October 18, 2021updated 27 Oct 2021 11:34am

Oil and gas contracts in Asia-Pacific down 30% in September 2021

By Carmen

Oil and gas contracts in Asia-Pacific registered a decrease of 30% in September 2021 with 98 contracts, when compared with 141 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 25%, when compared with the last 12-month average of 130 contracts.

 

Contract award activity in Asia-Pacific during September 2021

Looking at contracts by country, China led the activity in September 2021 with 26 contracts representing a 27% share of all the oil and gas contracts, followed by Australia with 19 contracts and a 19% share and India with 18 contracts and an 18% share. It saw a decrease of 4% over the previous month’s total of 27 contracts and an increase of 24% when compared with the last 12 month-average 21 contracts in China.

Based on 12-month moving average, India took the top spot with 45 contracts, followed by China and Australia with 21 and 15 contracts, respectively.

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

Looking at oil and gas contracts by segment in Asia-Pacific, upstream segment contributed the most in terms of the contracts awarded, with 40 contracts in September 2021, followed by midstream and downstream with 24 and 17 contracts, respectively.

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

During September 2021, the majority of the contracts awarded were in the design & engineering space with 47 contracts, followed by procurement and operations & maintenance with 40 and 31 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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