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  1. Market Data
April 13, 2022

Contract activities in downstream segment in Middle East down 43% in Q1 2022

By Carmen

The downstream segment contracts in Middle East registered a decrease of 43% with 12 contracts in Q1 2022, when compared with the previous quarter’s total of 21 contracts, according to GlobalData’s oil and gas contracts database.

A total of 12 contracts were registered in the downstream segment of Middle East during the quarter, when compared with the last four-quarter moving average of 16 contracts.


In terms of the number of contracts in Middle East, the upstream segment contributed the most with 75 contracts in Q1 2022, followed by midstream and downstream segments with 16 and 12 contracts, respectively.


Contract award activity in Middle East’s downstream segment during Q1 2022

Looking at the total oil and gas contracts by country in the downstream segment of Middle East, Iraq led the activity in Q1 2022 with four contracts and a 33% share. It saw an increase of 300% over the previous quarter’s total of one contract and an increase of 300% when compared with the last four-quarter-average of one contract in Iraq, followed by Kuwait and Qatar with one contract 8% share each.

Based on five-quarter moving average of the contracts in the downstream segment of Middle East, Qatar took the top spot with four contracts, followed by Iraq and Saudi Arabia with two contracts each.

Contracts by scope of work in Middle East’s downstream segment during Q1 2022

During the quarter, the majority of downstream segment contracts awarded in the Middle East were in the design & engineering with eight contracts, followed by procurement and installation with six 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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