Contracts in the pipeline segment in the oil and gas industry registered a decrease in activity by 37% in Q4 2021 with a total of 63 contracts, when compared with the previous quarter’s total of 100 contracts, according to GlobalData’s oil and gas contracts database.
A total of 63 contracts were recorded in the pipeline sector globally during the quarter, when compared with the last four-quarter moving average of 95 contracts.
The majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 58 contracts and an 81% share in Q4 2021. Offshore pipeline sub-segment witnessed 14 contracts, during the quarter.
Oil and gas pipeline contracts by region in Q4 2021
North America held the top position with 29 contracts and a 46% share during Q4 2021, followed by Europe and Asia-Pacific with 13 contracts (21%) and 10 contracts (16%), respectively.
Contracts by scope of work in pipeline segment during Q4 2021
During the quarter, the majority of contracts in the pipeline segment were awarded in the operations & maintenance with 25 contracts, followed by procurement and installation with 18 contracts each.
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.