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December 14, 2021

Contract activities in petrochemicals segment in Asia-Pacific down 20% in November 2021

By Carmen

The petrochemicals segment contracts in Asia-Pacific registered a decrease of 20% with four contracts in November 2021, when compared with the previous month’s total of five contracts, according to GlobalData’s oil and gas contracts database.

A total of four contracts were registered in the petrochemicals segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 13 contracts.



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

In November 2021, Australia, China and Malaysia led the activity with one contract and a 25% share each of the petrochemicals oil and gas contracts in Asia-Pacific. It saw an increase of 100% over the previous month’s no contracts and a flat growth when compared with the last 12 month-average of one contract in Australia.

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 Taiwan with two contracts each.

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

During the month, the majority of petrochemicals segment contracts awarded in the Asia-Pacific were in the design & engineering with three contracts, followed by installation and operations & maintenance with one contract each.

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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