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.
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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.