The upstream segment contracts in Asia-Pacific remained flat in November 2022, when compared with the previous month’s total of 46 contracts, according to GlobalData’s oil and gas contracts database.

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A total of 46 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 46 contracts in November 2022, followed by midstream and petrochemicals segments with 33 and 14 contracts, respectively.

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

In November 2022, China led the activity with 16 contracts and a 35% share of the upstream oil and gas contracts in Asia-Pacific. It saw an increase of 45% over the previous month’s total of 11 contracts and a decrease of 43% when compared with the last 12 month-average of 28 contracts in China.

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In second place was Malaysia with seven contracts and a 15% share, followed by Indonesia with five contracts and an 11% 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 nine and eight contracts, respectively.

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

During the month, the majority of upstream segment contracts awarded in the Asia-Pacific were in the procurement with 26 contracts, followed by operations & maintenance and design & engineering with 15 and 11 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.