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  1. Market Data
January 11, 2022

Oil and gas contracts in South America down 4% in December 2021

By Carmen

Oil and gas contracts in South America registered a decrease of 4% in December 2021 with 23 contracts, when compared with 24 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 5%, when compared with the last 12-month average of 22 contracts.


Contract award activity in South America during December 2021

Looking at contracts by country, Brazil led the activity in December 2021 with 20 contracts representing an 87% share of all the oil and gas contracts. It saw an increase of 11% over the previous month’s total of 18 contracts and an increase of 67% when compared with the last 12 month-average 12 contracts in Brazil.

Based on 12-month moving average, Brazil took the top spot with 13 contracts, followed by Colombia and Guyana with two contracts each.


South America’s oil and gas contracts by segment in December 2021

Looking at oil and gas contracts by segment in South America, upstream segment contributed the most in terms of the contracts awarded, with 20 contracts in December 2021, followed by midstream with three contracts.

Contracts by scope of work in South America during December 2021

During December 2021, the majority of the contracts awarded were in the operations & maintenance space with 16 contracts, followed by procurement and design & engineering with seven and three 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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