Contracts in the petrochemicals oil and gas segment registered a decrease of 56% with a total of 12 contracts in September 2022, when compared with 27 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 52%, when compared with the last 12-month average of 25 contracts.
Petrochemicals oil and gas contracts in September 2022
By comparing contracts related to the petrochemicals segment in different regions of the globe, Asia-Pacific held the top position with six contracts and a 50% share in September 2022, followed by North America and Middle East with three (25%) and two (17%) contracts, respectively.
Contracts by scope of work in petrochemicals segment in September 2022
During the month, the majority of contracts in the petrochemicals segment were awarded in the design & engineering with eight contracts, followed by procurement and operations & maintenance with five and two 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.