Contracts in the petrochemicals oil and gas segment registered an increase of 4% with a total of 28 contracts in August 2021, when compared with 27 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 8%, when compared with the last 12-month average of 26 contracts.

 

Petrochemicals oil and gas contracts in August 2021

By comparing contracts related to the petrochemicals segment in different regions of the globe, Europe held the top position with 12 contracts and a 43% share in August 2021, followed by Asia-Pacific and Middle East with nine (32%) and three (11%) contracts, respectively.

 

Contracts by scope of work in petrochemicals segment in August 2021

During the month, the majority of contracts in the petrochemicals segment were awarded in the design & engineering with 23 contracts, followed by procurement and construction with 16 and eight 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.