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  1. Market Data
March 21, 2022

Contract activities in midstream segment in Middle East remain flat in February 2022

By Carmen

The midstream segment contracts in Middle East remained flat in February 2022, when compared with the previous month’s total of five contracts, according to GlobalData’s oil and gas contracts database.

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 seven contracts.


In terms of the number of contracts in Middle East, the upstream segment contributed the most with 25 contracts in February 2022, followed by midstream and downstream segments with five and four contracts, respectively.


Contract award activity in Middle East’s midstream segment during February 2022

In February 2022, Oman led the activity with two contracts and a 40% share of the midstream oil and gas contracts in Middle East, followed by Qatar and Saudi Arabia with one contract 20% share each.

Based on 12-month moving average of the contracts in the midstream segment of Middle East, Qatar took the top spot with two contracts, followed by Kuwait and Oman with one contract each.

Contracts by scope of work in Middle East’s midstream segment during February 2022

During the month, the majority of midstream segment contracts awarded in the Middle East were in the operations & maintenance with two contracts, followed by procurement and construction with one contract 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.

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