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September 15, 2022

Petrochemicals oil and gas contracts down 16% in August 2022

By Carmen

Contracts in the petrochemicals oil and gas segment registered a decrease of 16% with a total of 26 contracts in August 2022, when compared with 31 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 4%, when compared with the last 12-month average of 25 contracts.


Petrochemicals oil and gas contracts in August 2022

By comparing contracts related to the petrochemicals segment in different regions of the globe, Asia-Pacific held the top position with 11 contracts and a 42% share in August 2022, followed by Europe and Middle East with six (23%) and five (19%) contracts, respectively.


Contracts by scope of work in petrochemicals segment in August 2022

During the month, the majority of contracts in the petrochemicals segment were awarded in the design & engineering with 16 contracts, followed by procurement and construction with 11 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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