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September 29, 2021updated 05 Oct 2021 3:17pm

Contract activities in midstream segment in Middle East down 57% in August 2021

By Carmen

The midstream segment contracts in Middle East registered a decrease of 57% with three contracts in August 2021, when compared with the previous month’s total of seven contracts, according to GlobalData’s oil and gas contracts database.

A total of three contracts were registered in the midstream segment of Middle East during the month, when compared with the last 12-month moving average of seven contracts.

 

In terms of the number of contracts in Middle East, the upstream segment contributed the most with 28 contracts in August 2021, followed by downstream and midstream segments with four and three contracts, respectively.

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Contract award activity in Middle East’s midstream segment during August 2021

In August 2021, the UAE, Qatar and Saudi Arabia led the activity with one contract and a 33% share each of the midstream oil and gas contracts in Middle East. It saw an increase of 100% over the previous month’s no contracts and a decrease of 50% when compared with the last 12 month-average of two contracts in the UAE.

Based on 12-month moving average of the contracts in the midstream segment of Middle East, the UAE took the top spot with two contracts.

Contracts by scope of work in Middle East’s midstream segment during August 2021

During the month, the majority of midstream segment contracts awarded in the Middle East were in the design & engineering 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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