The petrochemicals segment contracts in Europe registered an increase of 200% with three contracts in October 2022, when compared with the previous month’s total of one contract, 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 four contracts.



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

In October 2022, Belgium held three contracts and a 100% share of the petrochemicals oil and gas contracts in Europe.

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

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

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

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