Oil and gas contracts in Asia-Pacific registered a decrease of 36% in September 2022 with 90 contracts, when compared with 140 contracts in the previous month, according to GlobalData ’s oil and gas contracts database.
The activity marked a decrease of 49%, when compared with the last 12-month average of 175 contracts.
Contract award activity in Asia-Pacific during September 2022
Looking at contracts by country, China led the activity in September 2022 with 25 contracts representing a 28% share of all the oil and gas contracts, followed by Australia with 16 contracts and an 18% share and India with 15 contracts and a 17% share. It saw an increase of 4% over the previous month’s total of 24 contracts and a decrease of 48% when compared with the last 12 month-average 48 contracts in China.
Based on 12-month moving average, India took the top spot with 60 contracts, followed by China and Australia with 47 and 15 contracts, respectively.
Asia-Pacific’s oil and gas contracts by segment in September 2022
Looking at oil and gas contracts by segment in Asia-Pacific, midstream segment contributed the most in terms of the contracts awarded, with 35 contracts in September 2022, followed by upstream and downstream with 30 and 13 contracts, respectively.
Contracts by scope of work in Asia-Pacific during September 2022
During September 2022, the majority of the contracts awarded were in the procurement space with 41 contracts, followed by operations & maintenance and design & engineering with 28 and 26 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.