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August 22, 2022updated 14 Sep 2022 6:08am

Petrochemicals oil and gas contracts up 15% in July 2022

By Carmen

Contracts in the petrochemicals oil and gas segment registered an increase of 15% with a total of 31 contracts in July 2022, when compared with 27 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 29%, when compared with the last 12-month average of 24 contracts.


Petrochemicals oil and gas contracts in July 2022

By comparing contracts related to the petrochemicals segment in different regions of the globe, Asia-Pacific held the top position with 25 contracts and an 81% share in July 2022, followed by Middle East and Europe with three (10%) and two (6%) contracts, respectively.


Contracts by scope of work in petrochemicals segment in July 2022

During the month, the majority of contracts in the petrochemicals segment were awarded in the procurement with 24 contracts, followed by design & engineering and construction with 15 and five 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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