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November 12, 2021

Petrochemicals oil and gas contracts down 59% in October 2021

By Carmen

Contracts in the petrochemicals oil and gas segment registered a decrease of 59% with a total of 13 contracts in October 2021, when compared with 32 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 50%, when compared with the last 12-month average of 26 contracts.


Petrochemicals oil and gas contracts in October 2021

By comparing contracts related to the petrochemicals segment in different regions of the globe, Asia-Pacific held the top position with five contracts and a 38% share in October 2021, followed by Middle East and Europe with four (31%) and three (23%) contracts, respectively.

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Contracts by scope of work in petrochemicals segment in October 2021

During the month, the majority of contracts in the petrochemicals segment were awarded in the design & engineering with 11 contracts, followed by procurement and operations & maintenance with six and five 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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