Contracts in the petrochemicals oil and gas segment registered a decrease of 8% with a total of 11 contracts in October 2022, when compared with 12 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 52%, when compared with the last 12-month average of 23 contracts.


Petrochemicals oil and gas contracts in October 2022

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 36% share in October 2022, followed by Europe and Middle East with three (27%) and two (18%) contracts, respectively.


Contracts by scope of work in petrochemicals segment in October 2022

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