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October 28, 2021

Oil and gas contracts in South America down 45% in September 2021

By Carmen

Oil and gas contracts in South America registered a decrease of 45% in September 2021 with 12 contracts, when compared with 22 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 48%, when compared with the last 12-month average of 23 contracts.


Contract award activity in South America during September 2021

Looking at contracts by country, Brazil led the activity in September 2021 with eight contracts representing a 67% share of all the oil and gas contracts, followed by Guyana with three contracts and a 25% share and Suriname with one contract and an 8% share. It saw a decrease of 43% over the previous month’s total of 14 contracts and a decrease of 38% when compared with the last 12 month-average 13 contracts in Brazil.

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


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

Looking at oil and gas contracts by segment in South America, upstream segment contributed the most in terms of the contracts awarded, with 10 contracts in September 2021, followed by midstream with two contracts.

Contracts by scope of work in South America during September 2021

During September 2021, the majority of the contracts awarded were in the operations & maintenance space with 10 contracts, followed by design & engineering and installation with two and one contract, 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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