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September 29, 2021updated 06 Oct 2021 4:48pm

Contract activities in downstream segment in Middle East down 10% in Q2 2021

By Carmen

The downstream segment contracts in Middle East registered a decrease of 10% with nine contracts in Q2 2021, when compared with the previous quarter’s total of 10 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 quarter, when compared with the last four-quarter moving average of 11 contracts.

 

In terms of the number of contracts in Middle East, the upstream segment contributed the most with 95 contracts in Q2 2021, followed by midstream and downstream segments with 16 and nine contracts, respectively.

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Contract award activity in Middle East’s downstream segment during Q2 2021

Looking at the total oil and gas contracts by country in the downstream segment of Middle East, Oman led the activity in Q2 2021 with three contracts and a 33% share. It saw an increase of 300% over the previous quarter’s no contracts and an increase of 200% when compared with the last four-quarter-average of one contract in Oman.

In second place was the UAE with two contracts and a 22% share, followed by Iraq with one contract and an 11% share.

Based on five-quarter moving average of the contracts in the downstream segment of Middle East, Kuwait, Oman and Qatar took the top spot with two contracts each.

Contracts by scope of work in Middle East’s downstream segment during Q2 2021

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

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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