The downstream segment contracts in Middle East registered an increase of 200% with three contracts in October 2022, when compared with the previous month’s total of one contract, according to GlobalData’s oil and gas contracts database.

A total of three 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 24 contracts in October 2022, followed by midstream and downstream segments with 10 and three contracts, respectively.


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

In October 2022, Kuwait led the activity with two contracts and a 67% share of the downstream oil and gas contracts in Middle East.

In second place was Oman with one contract and a 33% share.

Based on 12-month moving average of the contracts in the downstream segment of Middle East, Iraq, 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 2022

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

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.