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January 11, 2022

Contract activities in petrochemicals segment in Asia-Pacific down 39% in Q4 2021

By Carmen

The petrochemicals segment contracts in Asia-Pacific registered a decrease of 39% with 22 contracts in Q4 2021, when compared with the previous quarter’s total of 36 contracts, according to GlobalData’s oil and gas contracts database.

A total of 22 contracts were registered in the petrochemicals segment of Asia-Pacific during the quarter, when compared with the last four-quarter moving average of 39 contracts.



Contract award activity in Asia-Pacific’s petrochemicals segment during Q4 2021

Looking at the total oil and gas contracts by country in the petrochemicals segment of Asia-Pacific, India led the activity in Q4 2021 with eight contracts and a 36% share. It saw a decrease of 20% over the previous quarter’s total of 10 contracts and an increase of 14% when compared with the last four-quarter-average of seven contracts in India.

In second place was Indonesia with six contracts and a 27% share, followed by China with three contracts and a 14% share.

Based on five-quarter moving average of the contracts in the petrochemicals segment of Asia-Pacific, China took the top spot with 11 contracts, followed by India and Taiwan with seven and four contracts, respectively.

Contracts by scope of work in Asia-Pacific’s petrochemicals segment during Q4 2021

During the quarter, the majority of petrochemicals segment contracts awarded in the Asia-Pacific were in the design & engineering with 17 contracts, followed by procurement and operations & maintenance with six and five contracts, 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.

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