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October 28, 2021

Petrochemicals oil and gas contracts down 7% in September 2021

By Carmen

Contracts in the petrochemicals oil and gas segment registered a decrease of 7% with a total of 26 contracts in September 2021, when compared with 28 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 4%, when compared with the last 12-month average of 27 contracts.


Petrochemicals oil and gas contracts in September 2021

By comparing contracts related to the petrochemicals segment in different regions of the globe, Asia-Pacific held the top position with 12 contracts and a 46% share in September 2021, followed by Europe and North America with six (23%) and four (15%) contracts, respectively.


Contracts by scope of work in petrochemicals segment in September 2021

During the month, the majority of contracts in the petrochemicals segment were awarded in the design & engineering with 16 contracts, followed by procurement and operations & maintenance with nine and eight 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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