Contracts in the petrochemicals oil and gas segment registered an increase of 28% with 59 contracts in Q2 2022, when compared with 46 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 17%, when compared with the last four-quarter average of 71 contracts.
Petrochemicals oil and gas contracts in Q2 2022
Asia-Pacific led the contracts activity for petrochemicals segment, with 38 contracts and a 64% share in Q2 2022, followed by Europe and Middle East with 10 (17%) and seven (12%) contracts, respectively.
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Contracts by scope of work in petrochemicals segment in Q2 2022
During the quarter, the majority of contracts in the petrochemicals segment were awarded in the design & engineering with 36 contracts, followed by procurement and construction with 29 and 12 contracts, respectively.
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.