The upstream segment contracts in Asia-Pacific registered a decrease of 20% with 40 contracts in August 2021, when compared with the previous month’s total of 50 contracts, according to GlobalData’s oil and gas contracts database.

A total of 40 contracts were registered in the upstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 43 contracts.

 

In terms of the number of contracts in Asia-Pacific, the downstream and upstream segment contributed the most with 40 contracts each in August 2021.

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By GlobalData
 

Contract award activity in Asia-Pacific’s upstream segment during August 2021

In August 2021, Australia led the activity with 15 contracts and a 38% share of the upstream oil and gas contracts in Asia-Pacific. It saw an increase of 7% over the previous month’s total of 14 contracts and an increase of 67% when compared with the last 12 month-average of nine contracts in Australia.

In second place was China with 10 contracts and a 25% share, followed by Malaysia with five contracts and a 13% share.

Based on 12-month moving average of the contracts in the upstream segment of Asia-Pacific, Australia and Malaysia took the top spot with nine contracts each.

Contracts by scope of work in Asia-Pacific’s upstream segment during August 2021

During the month, the majority of upstream segment contracts awarded in the Asia-Pacific were in the procurement with 16 contracts, followed by design & engineering with 14 contracts.

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.