The midstream segment contracts in Middle East remained flat in August 2022, when compared with the previous month’s total of five contracts, according to GlobalData’s oil and gas contracts database.
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A total of five contracts were registered in the midstream segment of Middle East during the month, when compared with the last 12-month moving average of eight contracts.
In terms of the number of contracts in Middle East, the upstream segment contributed the most with 22 contracts in August 2022, followed by midstream and petrochemicals segments with five contracts each.
Contract award activity in Middle East’s midstream segment during August 2022
In August 2022, Qatar led the activity with four contracts and an 80% share of the midstream oil and gas contracts in Middle East. It saw an increase of 400% over the previous month’s no contracts and an increase of 100% when compared with the last 12 month-average of two contracts in Qatar.
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By GlobalDataIn second place was Kuwait with one contract and a 20% share.
Based on 12-month moving average of the contracts in the midstream segment of Middle East, Qatar and the UAE took the top spot with two contracts each, followed by Kuwait with one contract.
Contracts by scope of work in Middle East’s midstream segment during August 2022
During the month, the majority of midstream segment contracts awarded in the Middle East were in the procurement with three contracts, followed by installation and operations & maintenance with two contracts each.
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.
