The petrochemicals segment contracts in Asia-Pacific registered a decrease of 50% with six contracts in September 2022, when compared with the previous month’s total of 12 contracts, according to GlobalData ’s oil and gas contracts database.
A total of six contracts were registered in the petrochemicals segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 14 contracts.
Contract award activity in Asia-Pacific’s petrochemicals segment during September 2022
In September 2022, China led the activity with three contracts and a 50% share of the petrochemicals oil and gas contracts in Asia-Pacific. It saw a decrease of 40% over the previous month’s total of five contracts and a decrease of 57% when compared with the last 12 month-average of seven contracts in China, followed by Indonesia and Singapore with one contract 17% share each.
Based on 12-month moving average of the contracts in the petrochemicals segment of Asia-Pacific, China took the top spot with six contracts, followed by India and Australia with two and one contract, respectively.
Contracts by scope of work in Asia-Pacific’s petrochemicals segment during September 2022
During the month, the majority of petrochemicals segment contracts awarded in the Asia-Pacific were in the design & engineering with four contracts, followed by procurement and operations & maintenance with three 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.