Contracts in the petrochemicals oil and gas segment registered a decrease of 26% with a total of 17 contracts in May 2022, when compared with 23 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 26%, when compared with the last 12-month average of 23 contracts.


Petrochemicals oil and gas contracts in May 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 59% share in May 2022, followed by Europe and Middle East with four (24%) and one (6%) contracts, respectively.


Contracts by scope of work in petrochemicals segment in May 2022

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