Contracts in the petrochemicals oil and gas segment registered a decrease of 64% with a total of 14 contracts in January 2022, when compared with 39 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 46%, when compared with the last 12-month average of 26 contracts.


Petrochemicals oil and gas contracts in January 2022

By comparing contracts related to the petrochemicals segment in different regions of the globe, Europe held the top position with six contracts and a 43% share in January 2022, followed by Asia-Pacific and Middle East with five (36%) and two (14%) contracts, respectively.


Contracts by scope of work in petrochemicals segment in January 2022

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

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.