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  1. Market Data
July 14, 2022

Contract activities in petrochemicals segment in Europe up 25% in June 2022

By Carmen

The petrochemicals segment contracts in Europe registered an increase of 25% with five contracts in June 2022, when compared with the previous month’s total of four contracts, according to GlobalData’s oil and gas contracts database.

A total of five contracts were registered in the petrochemicals segment of Europe during the month, remained flat when compared with the last 12-month average contracts.


In terms of the number of contracts in Europe, the upstream segment contributed the most with 100 contracts in June 2022, followed by midstream and petrochemicals segments with 15 and five contracts, respectively.


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

In June 2022, Germany, Norway and Poland led the activity with one contract and a 20% share each of the petrochemicals oil and gas contracts in Europe.

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

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

During the month, the majority of petrochemicals segment contracts awarded in the Europe were in the design & engineering and procurement with three contracts each, followed by installation with two 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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