Contracts in the petrochemicals oil and gas segment remained flat in Q3 2022, when compared with 71 contracts in the previous quarter, according to GlobalData ’s oil and gas contracts database.
The activity marked a decrease of 3%, when compared with the last four-quarter average of 73 contracts.
Petrochemicals oil and gas contracts in Q3 2022
Asia-Pacific led the contracts activity for petrochemicals segment, with 44 contracts and a 62% share in Q3 2022, followed by Middle East and Europe with 10 (14%) and nine (13%) contracts, respectively.
Contracts by scope of work in petrochemicals segment in Q3 2022
During the quarter, the majority of contracts in the petrochemicals segment were awarded in the procurement with 42 contracts, followed by design & engineering and construction with 40 and 10 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.