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November 12, 2021

Contract activities in petrochemicals segment in Asia-Pacific down 67% in October 2021

By Carmen

The petrochemicals segment contracts in Asia-Pacific registered a decrease of 67% with five contracts in October 2021, when compared with the previous month’s total of 15 contracts, according to GlobalData’s oil and gas contracts database.

A total of five 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 October 2021

In October 2021, India and Indonesia led the activity with two contracts and a 40% share each of the petrochemicals oil and gas contracts in Asia-Pacific. It saw a flat growth over the previous month’s total of two contracts and a flat growth when compared with the last 12 month-average of two contracts in India, followed by Malaysia with one contract and a 20% share, followed by Malaysia with one contract and a 20% 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 Taiwan with two contracts each.

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

During the month, the majority of petrochemicals segment contracts awarded in the Asia-Pacific were in the design & engineering with five contracts, followed by construction and procurement with three contracts 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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