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  1. Market Data
March 21, 2022

Petrochemicals oil and gas contracts down 63% in February 2022

By Carmen

Contracts in the petrochemicals oil and gas segment registered a decrease of 63% with a total of six contracts in February 2022, when compared with 16 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 77%, when compared with the last 12-month average of 26 contracts.


Petrochemicals oil and gas contracts in February 2022

By comparing contracts related to the petrochemicals segment in different regions of the globe, Asia-Pacific and Europe held the top position with two contracts each and a 33% share in February 2022, followed by Middle East with one contract (17%).


Contracts by scope of work in petrochemicals segment in February 2022

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