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  1. Market Data
January 11, 2022

Petrochemicals oil and gas contracts up 93% in December 2021

By Carmen

Contracts in the petrochemicals oil and gas segment registered an increase of 93% with a total of 27 contracts in December 2021, when compared with 14 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 26 contracts.


Petrochemicals oil and gas contracts in December 2021

By comparing contracts related to the petrochemicals segment in different regions of the globe, Asia-Pacific held the top position with 12 contracts and a 44% share in December 2021, followed by Middle East and Europe with six (22%) and five (19%) contracts, respectively.


Contracts by scope of work in petrochemicals segment in December 2021

During the month, the majority of contracts in the petrochemicals segment were awarded in the design & engineering with 17 contracts, followed by procurement and construction with 12 and six 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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