Contracts in the downstream oil and gas segment registered a decrease of 68% with a total of 15 contracts in October 2022, when compared with 47 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 82%, when compared with the last 12-month average of 83 contracts.
Downstream oil and gas contracts in October 2022
By comparing contracts related to the downstream segment in different regions of the globe, Europe held the top position with five contracts and a 33% share in October 2022, followed by Middle East and North America with three (20%) and two (13%) contracts, respectively.
Contracts by scope of work in downstream segment in October 2022
During the month, the majority of contracts in the downstream segment were awarded in the procurement with eight contracts, followed by design & engineering and operations & maintenance with five contracts each.
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.