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November 12, 2021

Contract activities in downstream segment in Middle East up 13% in October 2021

By Carmen

The downstream segment contracts in Middle East registered an increase of 13% with nine contracts in October 2021, when compared with the previous month’s total of eight contracts, according to GlobalData’s oil and gas contracts database.

A total of nine 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 October 2021, followed by downstream and midstream segments with nine and eight contracts, respectively.


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

In October 2021, Saudi Arabia led the activity with four contracts and a 44% share of the downstream oil and gas contracts in Middle East.

In second place was Qatar with three contracts and a 33% share, followed by Oman with one contract and an 11% share.

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 October 2021

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