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  1. Market Data
March 21, 2022

Contract activities in downstream segment in Middle East up 100% in February 2022

By Carmen

The downstream segment contracts in Middle East registered an increase of 100% with four contracts in February 2022, when compared with the previous month’s total of two contracts, according to GlobalData’s oil and gas contracts database.

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


In terms of the number of contracts in Middle East, the upstream segment contributed the most with 25 contracts in February 2022, followed by midstream and downstream segments with five and four contracts, respectively.


Contract award activity in Middle East’s downstream segment during February 2022

In February 2022, Saudi Arabia and Turkey led the activity with one contract and a 25% share each of the downstream oil and gas contracts in Middle East. It saw an increase of 100% over the previous month’s no contracts and a flat growth when compared with the last 12 month-average of one contract in Saudi Arabia.

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

Contracts by scope of work in Middle East’s downstream segment during February 2022

During the month, the majority of downstream segment contracts awarded in the Middle East were in the design & engineering with three contracts, followed by installation and procurement with two contracts each.

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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