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January 11, 2022

Contract activities in petrochemicals segment in Asia-Pacific up 140% in December 2021

By Carmen

The petrochemicals segment contracts in Asia-Pacific registered an increase of 140% with 12 contracts in December 2021, when compared with the previous month’s total of five contracts, according to GlobalData’s oil and gas contracts database.

A total of 12 contracts were registered in the petrochemicals segment of Asia-Pacific during the month, remained flat when compared with the last 12-month average contracts.



Contract award activity in Asia-Pacific’s petrochemicals segment during December 2021

In December 2021, India led the activity with five contracts and a 42% share of the petrochemicals oil and gas contracts in Asia-Pacific. It saw an increase of 400% over the previous month’s total of one contract and an increase of 150% when compared with the last 12 month-average of two contracts in India.

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In second place was Indonesia with four contracts and a 33% share, followed by China with two contracts and a 17% share.

Based on 12-month moving average of the contracts in the petrochemicals segment of Asia-Pacific, China and India took the top spot with three contracts each, followed by Australia with one contract.

Contracts by scope of work in Asia-Pacific’s petrochemicals segment during December 2021

During the month, the majority of petrochemicals segment contracts awarded in the Asia-Pacific were in the design & engineering with nine contracts, followed by procurement and operations & maintenance with two and one contract, 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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