The downstream segment contracts in Middle East registered a decrease of 11% with 16 contracts in Q4 2021, when compared with the previous quarter’s total of 18 contracts, according to GlobalData’s oil and gas contracts database.
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A total of 16 contracts were registered in the downstream segment of Middle East during the quarter, when compared with the last four-quarter moving average of 12 contracts.
In terms of the number of contracts in Middle East, the upstream segment contributed the most with 83 contracts in Q4 2021, followed by midstream and downstream segments with 21 and 16 contracts, respectively.
Contract award activity in Middle East’s downstream segment during Q4 2021
Looking at the total oil and gas contracts by country in the downstream segment of Middle East, Qatar led the activity in Q4 2021 with six contracts and a 38% share. It saw a decrease of 14% over the previous quarter’s total of seven contracts and an increase of 50% when compared with the last four-quarter-average of four contracts in Qatar.
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By GlobalDataIn second place was Saudi Arabia with five contracts and a 31% share, followed by the UAE with one contract and a 6% 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 Kuwait and Saudi Arabia with two contracts each.
Contracts by scope of work in Middle East’s downstream segment during Q4 2021
During the quarter, the majority of downstream segment contracts awarded in the Middle East were in the design & engineering with 10 contracts, followed by operations & maintenance and procurement with seven and six 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.
