The petrochemicals segment contracts in Asia-Pacific remained flat in June 2022, when compared with the previous month’s total of 10 contracts, according to GlobalData’s oil and gas contracts database.
A total of 10 contracts were registered in the petrochemicals segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 11 contracts.
In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 53 contracts in June 2022, followed by midstream and petrochemicals segments with 35 and 10 contracts, respectively.
Contract award activity in Asia-Pacific’s petrochemicals segment during June 2022
In June 2022, China led the activity with five contracts and a 50% share of the petrochemicals oil and gas contracts in Asia-Pacific. It saw a flat growth over the previous month’s total of five contracts and an increase of 25% when compared with the last 12 month-average of four contracts in China.
In second place was India with two contracts and a 20% share, followed by Indonesia with one contract and a 10% 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, followed by India and Australia with two and one contract, respectively.
Contracts by scope of work in Asia-Pacific’s petrochemicals segment during June 2022
During the month, the majority of petrochemicals segment contracts awarded in the Asia-Pacific were in the design & engineering with seven contracts, followed by procurement and construction with five 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.
