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Contracts in the petrochemicals oil and gas segment registered an increase of 11% with a total of 21 contracts in April 2022, when compared with 19 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 9%, when compared with the last 12-month average of 23 contracts.


Petrochemicals oil and gas contracts in April 2022

By comparing contracts related to the petrochemicals segment in different regions of the globe, Asia-Pacific held the top position with 17 contracts and an 81% share in April 2022, followed by Middle East and North America with two (10%) and one (5%) contracts, respectively.

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By GlobalData

Contracts by scope of work in petrochemicals segment in April 2022

During the month, the majority of contracts in the petrochemicals segment were awarded in the design & engineering with 14 contracts, followed by procurement and construction with eight and four 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.