Contracts in the petrochemicals oil and gas segment registered a decrease of 39% with 54 contracts in Q4 2021, when compared with 89 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 33%, when compared with the last four-quarter average of 81 contracts.
Petrochemicals oil and gas contracts in Q4 2021
Asia-Pacific led the contracts activity for petrochemicals segment, with 22 contracts and a 41% share in Q4 2021, followed by Middle East and Europe with 13 (24%) and 10 (19%) contracts, respectively.
Contracts by scope of work in petrochemicals segment in Q4 2021
During the quarter, the majority of contracts in the petrochemicals segment were awarded in the design & engineering with 37 contracts, followed by procurement and operations & maintenance with 21 and 14 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.