The downstream segment contracts in Asia-Pacific registered a decrease of 76% with 13 contracts in September 2022, when compared with the previous month’s total of 55 contracts, according to GlobalData’s oil and gas contracts database.
A total of 13 contracts were registered in the downstream segment of Asia-Pacific during the month, when compared with the last 12-month moving average of 60 contracts.
In terms of the number of contracts in Asia-Pacific, the midstream segment contributed the most with 35 contracts in September 2022, followed by upstream and downstream segments with 30 and 13 contracts, respectively.
Contract award activity in Asia-Pacific’s downstream segment during September 2022
In September 2022, India led the activity with 11 contracts and an 85% share of the downstream oil and gas contracts in Asia-Pacific. It saw a decrease of 79% over the previous month’s total of 53 contracts and a decrease of 79% when compared with the last 12 month-average of 53 contracts in India.
In second place was Malaysia with one contract and an 8% share.
Based on 12-month moving average of the contracts in the downstream segment of Asia-Pacific, India took the top spot with 50 contracts, followed by China and Australia with two and one contract, respectively.
Contracts by scope of work in Asia-Pacific’s downstream segment during September 2022
During the month, the majority of downstream segment contracts awarded in the Asia-Pacific were in the procurement with nine contracts, followed by operations & maintenance and design & engineering with five and four 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.