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  1. Market Data
March 21, 2022

Contract activities in petrochemicals segment in Europe down 67% in February 2022

By Carmen

The petrochemicals segment contracts in Europe registered a decrease of 67% with two contracts in February 2022, when compared with the previous month’s total of six contracts, according to GlobalData’s oil and gas contracts database.

A total of two contracts were registered in the petrochemicals segment of Europe during the month, when compared with the last 12-month moving average of seven contracts.



Contract award activity in Europe’s petrochemicals segment during February 2022

In February 2022, Russia led the activity with one contract and a 50% share of the petrochemicals oil and gas contracts in Europe. It saw a flat growth over the previous month’s total of one contract and a decrease of 67% when compared with the last 12 month-average of three contracts in Russia.

Based on 12-month moving average of the contracts in the petrochemicals segment of Europe, Russia took the top spot with three contracts, followed by Norway and Poland with one contract each.

Contracts by scope of work in Europe’s petrochemicals segment during February 2022

During the month, the majority of petrochemicals segment contracts awarded in the Europe were in the procurement with two contracts, followed by design & engineering with one contract.

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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