View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
July 14, 2022

Contract activities in petrochemicals segment in Asia-Pacific remain flat in June 2022

By Carmen

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology