The petrochemicals segment contracts in Asia-Pacific registered a decrease of 10% with nine contracts in August 2021, when compared with the previous month’s total of 10 contracts, according to GlobalData’s oil and gas contracts database.
A total of nine contracts were registered in the petrochemicals segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 13 contracts.
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Contract award activity in Asia-Pacific’s petrochemicals segment during August 2021
In August 2021, India led the activity with four contracts and a 44% share of the petrochemicals oil and gas contracts in Asia-Pacific. It saw a flat growth over the previous month’s total of four contracts and an increase of 100% when compared with the last 12 month-average of two contracts in India.
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By GlobalDataIn second place was China with two contracts and a 22% share, followed by Uzbekistan with one contract and an 11% share.
Based on 12-month moving average of the contracts in the petrochemicals segment of Asia-Pacific, China took the top spot with four contracts.
Contracts by scope of work in Asia-Pacific’s petrochemicals segment during August 2021
During the month, the majority of petrochemicals segment contracts awarded in the Asia-Pacific were in the design & engineering with eight contracts, followed by procurement with seven contracts.
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.
