The midstream segment contracts in Middle East registered an increase of 400% with five contracts in January 2022, when compared with the previous month’s total of one contract, 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 six contracts.
In terms of the number of contracts in Middle East, the upstream segment contributed the most with 22 contracts in January 2022, followed by midstream and petrochemicals segments with five and two contracts, respectively.
Contract award activity in Middle East’s midstream segment during January 2022
In January 2022, Qatar led the activity with three contracts and a 60% share of the midstream oil and gas contracts in Middle East. It saw an increase of 300% over the previous month’s no contracts and an increase of 200% when compared with the last 12 month-average of one contract in Qatar, followed by Saudi Arabia and the UAE 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 Saudi Arabia with one contract each.
Contracts by scope of work in Middle East’s midstream segment during January 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.
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.