Oil and gas contracts in South America registered an increase of 31% in April 2022 with 17 contracts, when compared with 13 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 26%, when compared with the last 12-month average of 23 contracts.
Contract award activity in South America during April 2022
Looking at contracts by country, Brazil led the activity in April 2022 with 12 contracts representing a 71% share of all the oil and gas contracts, followed by Guyana with three contracts and an 18% share and Argentina with one contract and a 6% share. It saw an increase of 100% over the previous month’s total of six contracts and a decrease of 14% when compared with the last 12 month-average 14 contracts in Brazil.
Based on 12-month moving average, Brazil took the top spot with 14 contracts, followed by Guyana and Colombia with three and two contracts, respectively.
South America’s oil and gas contracts by segment in April 2022
Looking at oil and gas contracts by segment in South America, upstream segment contributed the most in terms of the contracts awarded, with 15 contracts in April 2022, followed by midstream with one contract.
Contracts by scope of work in South America during April 2022
During April 2022, the majority of the contracts awarded were in the operations & maintenance and procurement space with seven contracts each, followed by installation with four contracts.
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.