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April 13, 2022

Petrochemicals oil and gas contracts up 143% in March 2022

By Carmen

Contracts in the petrochemicals oil and gas segment registered an increase of 143% with a total of 17 contracts in March 2022, when compared with seven contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 32%, when compared with the last 12-month average of 25 contracts.


Petrochemicals oil and gas contracts in March 2022

By comparing contracts related to the petrochemicals segment in different regions of the globe, Asia-Pacific held the top position with nine contracts and a 53% share in March 2022, followed by North America and Europe with four (24%) and three (18%) contracts, respectively.


Contracts by scope of work in petrochemicals segment in March 2022

During the month, the majority of contracts in the petrochemicals segment were awarded in the procurement with 11 contracts, followed by design & engineering and installation with nine 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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