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  1. Market Data
July 14, 2022

Contract activities in downstream segment in Middle East down 67% in Q2 2022

By Carmen

The downstream segment contracts in Middle East registered a decrease of 67% with five contracts in Q2 2022, when compared with the previous quarter’s total of 15 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 quarter, when compared with the last four-quarter moving average of 18 contracts.



Contract award activity in Middle East’s downstream segment during Q2 2022

Looking at the total oil and gas contracts by country in the downstream segment of Middle East, Saudi Arabia and Turkey led the activity in Q2 2022 with two contracts and a 40% share each. It saw an increase of 100% over the previous quarter’s total of one contract and a decrease of 33% when compared with the last four-quarter-average of three contracts in Saudi Arabia, followed by Qatar with one contract and a 20% share, followed by Qatar with one contract and a 20% share.

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 Saudi Arabia and Iraq with three and two contracts, respectively.

Contracts by scope of work in Middle East’s downstream segment during Q2 2022

During the quarter, the majority of downstream segment contracts awarded in the Middle East were in the operations & maintenance with three contracts, followed by procurement with two 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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