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September 29, 2021updated 06 Oct 2021 4:55pm

Contract activities in petrochemicals segment in Asia-Pacific down 20% in Q2 2021

By Carmen

The petrochemicals segment contracts in Asia-Pacific registered a decrease of 20% with 32 contracts in Q2 2021, when compared with the previous quarter’s total of 40 contracts, according to GlobalData’s oil and gas contracts database.

A total of 32 contracts were registered in the petrochemicals segment of Asia-Pacific during the quarter, when compared with the last four-quarter moving average of 33 contracts.

 


 

Contract award activity in Asia-Pacific’s petrochemicals segment during Q2 2021

Looking at the total oil and gas contracts by country in the petrochemicals segment of Asia-Pacific, China led the activity in Q2 2021 with nine contracts and a 28% share. It saw a decrease of 36% over the previous quarter’s total of 14 contracts and a decrease of 40% when compared with the last four-quarter-average of 15 contracts in China.

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In second place was India with eight contracts and a 25% share, followed by Pakistan with four contracts and a 13% share.

Based on five-quarter moving average of the contracts in the petrochemicals segment of Asia-Pacific, China took the top spot with 14 contracts, followed by India and Taiwan with five and four contracts, respectively.

Contracts by scope of work in Asia-Pacific’s petrochemicals segment during Q2 2021

During the quarter, the majority of petrochemicals segment contracts awarded in the Asia-Pacific were in the design & engineering with 25 contracts, followed by procurement with 11 contracts.

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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