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July 14, 2022

Petrochemicals oil and gas contracts up 12% in June 2022

By Carmen

Contracts in the petrochemicals oil and gas segment registered an increase of 12% with a total of 19 contracts in June 2022, when compared with 17 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 17%, when compared with the last 12-month average of 23 contracts.


Petrochemicals oil and gas contracts in June 2022

By comparing contracts related to the petrochemicals segment in different regions of the globe, Asia-Pacific held the top position with 10 contracts and a 53% share in June 2022, followed by Europe and Middle East with five (26%) and four (21%) contracts, respectively.


Contracts by scope of work in petrochemicals segment in June 2022

During the month, the majority of contracts in the petrochemicals segment were awarded in the design & engineering with 12 contracts, followed by procurement and construction with 10 and four 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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