The upstream segment contracts in Asia-Pacific registered a decrease of 34% with 43 contracts in August 2022, when compared with the previous month’s total of 65 contracts, according to GlobalData’s oil and gas contracts database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

A total of 43 contracts were registered in the upstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 66 contracts.


In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 43 contracts in August 2022, followed by downstream and midstream segments with 21 contracts each.

See Also:


Contract award activity in Asia-Pacific’s upstream segment during August 2022

In August 2022, China led the activity with 15 contracts and a 35% share of the upstream oil and gas contracts in Asia-Pacific. It saw a decrease of 46% over the previous month’s total of 28 contracts and a decrease of 46% when compared with the last 12 month-average of 28 contracts in China.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was Australia with nine contracts and a 21% share, followed by Malaysia with seven contracts and a 16% share.

Based on 12-month moving average of the contracts in the upstream segment of Asia-Pacific, China took the top spot with 28 contracts, followed by Australia and Malaysia with 11 and seven contracts, respectively.

Contracts by scope of work in Asia-Pacific’s upstream segment during August 2022

During the month, the majority of upstream segment contracts awarded in the Asia-Pacific were in the procurement with 27 contracts, followed by operations & maintenance and asset retirement with 14 and five contracts, respectively.

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.