The downstream segment contracts in Middle East remained flat in Q3 2022, when compared with the previous quarter’s total of seven contracts, according to GlobalData’s oil and gas contracts database.
A total of seven contracts were registered in the downstream segment of Middle East during the quarter, when compared with the last four-quarter moving average of 17 contracts.
Contract award activity in Middle East’s downstream segment during Q3 2022
Looking at the total oil and gas contracts by country in the downstream segment of Middle East, Qatar and Turkey led the activity in Q3 2022 with two contracts and a 29% share each. It saw a flat growth over the previous quarter’s total of two contracts and a decrease of 60% when compared with the last four-quarter-average of five contracts in Qatar, followed by the UAE with one contract and a 14% share, followed by the UAE with one contract and a 14% 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.
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Contracts by scope of work in Middle East’s downstream segment during Q3 2022
During the quarter, the majority of downstream segment contracts awarded in the Middle East were in the operations & maintenance with four contracts, followed by procurement and design & engineering with three and two contracts, respectively.
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.