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September 29, 2021updated 08 Oct 2021 8:02am

Contract activities in petrochemicals segment in South America up in Q2 2021

By Carmen

The petrochemicals segment contracts in South America registered an increase with two contracts in Q2 2021, when compared with no contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.

A total of two contracts were registered in the petrochemicals segment of South America during the quarter, when compared with the last four-quarter moving average of one contract.

 

In terms of the number of contracts in South America, the upstream segment contributed the most with 65 contracts in Q2 2021, followed by petrochemicals and downstream segments with two contracts each.

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Contract award activity in South America’s petrochemicals segment during Q2 2021

Looking at the total oil and gas contracts by country in the petrochemicals segment of South America, Colombia and Brazil led the activity in Q2 2021 with one contract and a 50% share each.

Based on five-quarter moving average of the contracts in the petrochemicals segment of South America, Brazil held with one contract.

Contracts by scope of work in South America’s petrochemicals segment during Q2 2021

During the quarter, the majority of petrochemicals segment contracts awarded in the South America were in the design & engineering and operations & maintenance with one contract 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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