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December 14, 2021

Petrochemicals oil and gas contracts down 8% in November 2021

By Carmen

Contracts in the petrochemicals oil and gas segment registered a decrease of 8% with a total of 12 contracts in November 2021, when compared with 13 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 54%, when compared with the last 12-month average of 26 contracts.


Petrochemicals oil and gas contracts in November 2021

By comparing contracts related to the petrochemicals segment in different regions of the globe, Asia-Pacific held the top position with four contracts and a 33% share in November 2021, followed by Middle East and North America with three (25%) and two (17%) contracts, respectively.

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Contracts by scope of work in petrochemicals segment in November 2021

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