The upstream segment contracts in Asia-Pacific registered an increase of 2% with 64 contracts in July 2022, when compared with the previous month’s total of 63 contracts, according to GlobalData’s oil and gas contracts database.
A total of 64 contracts were registered in the upstream segment of Asia-Pacific during the month, remained flat when compared with the last 12-month average contracts.
In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 64 contracts in July 2022, followed by downstream and petrochemicals segments with 42 and 25 contracts, respectively.
Contract award activity in Asia-Pacific’s upstream segment during July 2022
In July 2022, China led the activity with 28 contracts and a 44% share of the upstream oil and gas contracts in Asia-Pacific. It saw an increase of 8% over the previous month’s total of 26 contracts and an increase of 8% when compared with the last 12 month-average of 26 contracts in China.
In second place was Australia with 12 contracts and a 19% share, followed by India with five contracts and an 8% share.
Based on 12-month moving average of the contracts in the upstream segment of Asia-Pacific, China took the top spot with 27 contracts, followed by Australia and Malaysia with 11 and seven contracts, respectively.
Contracts by scope of work in Asia-Pacific’s upstream segment during July 2022
During the month, the majority of upstream segment contracts awarded in the Asia-Pacific were in the procurement with 31 contracts, followed by operations & maintenance and design & engineering with 21 and 14 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.