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February 11, 2022

Oil and gas contracts in South America down 69% in January 2022

By Carmen

Oil and gas contracts in South America registered a decrease of 69% in January 2022 with eight contracts, when compared with 26 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 64%, when compared with the last 12-month average of 22 contracts.


Contract award activity in South America during January 2022

Looking at contracts by country, Brazil led the activity in January 2022 with five contracts representing a 63% share of all the oil and gas contracts

Guyana stood second with two contracts and a 25% share.

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 January 2022

Looking at oil and gas contracts by segment in South America, upstream segment contributed the most in terms of the contracts awarded, with eight contracts in January 2022.

Contracts by scope of work in South America during January 2022

During January 2022, the majority of the contracts awarded were in the operations & maintenance space with five contracts, followed by procurement and installation with three contracts each.

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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