Contracts in the pipeline segment in the oil and gas industry registered an increase in activity by 13% in Q1 2022 with a total of 98 contracts, when compared with the previous quarter’s total of 87 contracts, according to GlobalData’s oil and gas contracts database.
A total of 98 contracts were recorded in the pipeline sector globally during the quarter, when compared with the last four-quarter moving average of 97 contracts.
The majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 83 contracts and a 72% share in Q1 2022. Offshore pipeline sub-segment witnessed 33 contracts, during the quarter.
Oil and gas pipeline contracts by region in Q1 2022
Asia-Pacific held the top position with 41 contracts and a 42% share during Q1 2022, followed by Europe and North America with 27 contracts (28%) and 17 contracts (17%), respectively.
Contracts by scope of work in pipeline segment during Q1 2022
During the quarter, the majority of contracts in the pipeline segment were awarded in the procurement with 50 contracts, followed by design & engineering and construction with 27 and 23 contracts, respectively.
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.