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September 29, 2021updated 30 Sep 2021 3:25pm

Petrochemicals oil and gas contracts down 20% in Q2 2021

By Carmen

Contracts in the petrochemicals oil and gas segment registered a decrease of 20% with 67 contracts in Q2 2021, when compared with 84 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 1%, when compared with the last four-quarter average of 68 contracts.

 

Petrochemicals oil and gas contracts in Q2 2021

Asia-Pacific led the contracts activity for petrochemicals segment, with 32 contracts and a 48% share in Q2 2021, followed by Europe and Middle East with 14 (21%) and eight (12%) contracts, respectively.

 

Contracts by scope of work in petrochemicals segment in Q2 2021

During the quarter, the majority of contracts in the petrochemicals segment were awarded in the design & engineering with 53 contracts, followed by procurement and construction with 30 and 17 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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