The upstream segment contracts in Asia-Pacific registered an increase of 2% with 45 contracts in November 2021, when compared with the previous month’s total of 44 contracts, according to GlobalData’s oil and gas contracts database.
A total of 45 contracts were registered in the upstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 46 contracts.
In terms of the number of contracts in Asia-Pacific, the upstream segment contributed the most with 45 contracts in November 2021, followed by midstream and downstream segments with 20 and five contracts, respectively.
Contract award activity in Asia-Pacific’s upstream segment during November 2021
In November 2021, China led the activity with 12 contracts and a 27% share of the upstream oil and gas contracts in Asia-Pacific. It saw an increase of 20% over the previous month’s total of 10 contracts and an increase of 20% when compared with the last 12 month-average of 10 contracts in China.
In second place was Australia with 10 contracts and a 22% share, followed by India with eight contracts and an 18% share.
Based on 12-month moving average of the contracts in the upstream segment of Asia-Pacific, Australia and China took the top spot with 10 contracts each, followed by Malaysia with nine contracts.
Contracts by scope of work in Asia-Pacific’s upstream segment during November 2021
During the month, the majority of upstream segment contracts awarded in the Asia-Pacific were in the procurement with 25 contracts, followed by operations & maintenance and design & engineering with 16 and seven 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.