Oil and gas contracts in Asia-Pacific registered a decrease of 40% in August 2022 with 97 contracts, when compared with 163 contracts in the previous month, according to GlobalData ’s oil and gas contracts database.
The activity marked a decrease of 42%, when compared with the last 12-month average of 166 contracts.
Contract award activity in Asia-Pacific during August 2022
Looking at contracts by country, China led the activity in August 2022 with 24 contracts representing a 25% share of all the oil and gas contracts, followed by India with 23 contracts and a 24% share and Australia with 14 contracts and a 14% share. It saw a decrease of 61% over the previous month’s total of 61 contracts and a decrease of 50% when compared with the last 12 month-average 48 contracts in China.
Based on 12-month moving average, India took the top spot with 53 contracts, followed by China and Australia with 48 and 15 contracts, respectively.
Asia-Pacific’s oil and gas contracts by segment in August 2022
Looking at oil and gas contracts by segment in Asia-Pacific, upstream segment contributed the most in terms of the contracts awarded, with 43 contracts in August 2022, followed by downstream and midstream segments with 21 contracts each.
Contracts by scope of work in Asia-Pacific during August 2022
During August 2022, the majority of the contracts awarded were in the procurement space with 58 contracts, followed by design & engineering and operations & maintenance with 24 and 19 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.