The petrochemicals segment contracts in Asia-Pacific registered a decrease of 44% with 10 contracts in May 2022, when compared with the previous month’s total of 18 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.
Contract award activity in Asia-Pacific’s petrochemicals segment during May 2022
In May 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 decrease of 44% over the previous month’s total of nine contracts and an increase of 25% when compared with the last 12 month-average of four contracts in China, followed by India and Malaysia with two contracts 20% share each.
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 May 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 two contracts, respectively.
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.