The downstream segment contracts in Middle East remained flat in March 2022, when compared with the previous month’s total of five contracts, according to GlobalData’s oil and gas contracts database.
A total of five contracts were registered in the downstream segment of Middle East during the month, remained flat when compared with the last 12-month average contracts.
In terms of the number of contracts in Middle East, the upstream segment contributed the most with 24 contracts in March 2022, followed by midstream and downstream segments with six and five contracts, respectively.
Contract award activity in Middle East’s downstream segment during March 2022
In March 2022, Iraq, Kuwait and Qatar led the activity with one contract and a 20% share each of the downstream oil and gas contracts in Middle East. It saw a flat growth over the previous month’s total of one contract and a flat growth when compared with the last 12 month-average of one contract in Iraq.
Based on 12-month moving average of the contracts in the downstream segment of Middle East, Iraq, Kuwait and Qatar took the top spot with one contract each.
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Contracts by scope of work in Middle East’s downstream segment during March 2022
During the month, the majority of downstream segment contracts awarded in the Middle East were in the design & engineering and operations & maintenance with two contracts each, followed by procurement with two contracts.
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.