Contracts in the petrochemicals oil and gas segment registered an increase of 92% with a total of 25 contracts in November 2022, when compared with 13 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 9%, when compared with the last 12-month average of 23 contracts.


Petrochemicals oil and gas contracts in November 2022

By comparing contracts related to the petrochemicals segment in different regions of the globe, Asia-Pacific held the top position with 14 contracts and a 56% share in November 2022, followed by North America and Middle East with seven (28%) and three (12%) contracts, respectively.


Contracts by scope of work in petrochemicals segment in November 2022

During the month, the majority of contracts in the petrochemicals segment were awarded in the procurement with 13 contracts, followed by design & engineering and construction with 12 and seven 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.