The petrochemicals segment contracts in Asia-Pacific registered an increase of 200% with nine contracts in March 2022, when compared with the previous month’s total of three 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 11 contracts.
Contract award activity in Asia-Pacific’s petrochemicals segment during March 2022
In March 2022, China led the activity with eight contracts and an 89% share of the petrochemicals oil and gas contracts in Asia-Pacific. It saw an increase of 300% over the previous month’s total of two contracts and an increase of 167% when compared with the last 12 month-average of three contracts in China.
In second place was Australia 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 three contracts, followed by India and Australia with two and one contract, respectively.
Contracts by scope of work in Asia-Pacific’s petrochemicals segment during March 2022
During the month, the majority of petrochemicals segment contracts awarded in the Asia-Pacific were in the procurement with eight contracts, followed by design & engineering and construction with three 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.
