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  1. Market Data
November 12, 2021

Contract activities in petrochemicals segment in Europe down 63% in October 2021

By Carmen

The petrochemicals segment contracts in Europe registered a decrease of 63% with three contracts in October 2021, when compared with the previous month’s total of eight 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 October 2021

In October 2021, Norway led the activity with two contracts and a 67% share of the petrochemicals oil and gas contracts in Europe. It saw an increase of 100% over the previous month’s total of one contract and an increase of 100% when compared with the last 12 month-average of one contract in Norway.

In second place was Russia with one contract and a 33% share.

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 October 2021

During the month, the majority of petrochemicals segment contracts awarded in the Europe were in the design & engineering with two contracts, followed by operations & maintenance 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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