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April 13, 2022

Contract activities in petrochemicals segment in Europe up 50% in March 2022

By Carmen

The petrochemicals segment contracts in Europe registered an increase of 50% with three contracts in March 2022, when compared with the previous month’s total of two contracts, according to GlobalData’s oil and gas contracts database.

A total of three 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 March 2022

In March 2022, Belgium, Denmark and the UK led the activity with one contract and a 33% 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 March 2022

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