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January 11, 2022

Contract activities in downstream segment in Middle East up 500% in December 2021

By Carmen

The downstream segment contracts in Middle East registered an increase of 500% with six contracts in December 2021, when compared with the previous month’s total of one contract, according to GlobalData’s oil and gas contracts database.

A total of six contracts were registered in the downstream segment of Middle East during the month, when compared with the last 12-month moving average of four contracts.


In terms of the number of contracts in Middle East, the upstream segment contributed the most with 24 contracts in December 2021, followed by downstream and petrochemicals segments with six contracts each.


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Contract award activity in Middle East’s downstream segment during December 2021

In December 2021, Qatar led the activity with two contracts and a 33% share of the downstream oil and gas contracts in Middle East. It saw an increase of 100% over the previous month’s total of one contract and an increase of 100% when compared with the last 12 month-average of one contract in Qatar, followed by Saudi Arabia and Iran with one contract 17% share each.

Based on 12-month moving average of the contracts in the downstream segment of Middle East, Qatar took the top spot with two contracts, followed by Kuwait and Saudi Arabia with one contract each.

Contracts by scope of work in Middle East’s downstream segment during December 2021

During the month, the majority of downstream segment contracts awarded in the Middle East were in the design & engineering with four contracts, followed by operations & maintenance and procurement with three and one contract, 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.

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