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August 22, 2022

Contract activities in midstream segment in Middle East down 29% in July 2022

By Carmen

The midstream segment contracts in Middle East registered a decrease of 29% with five contracts in July 2022, when compared with the previous month’s total of seven 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 eight contracts.


In terms of the number of contracts in Middle East, the upstream segment contributed the most with 20 contracts in July 2022, followed by midstream and downstream segments with five and four contracts, respectively.


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

In July 2022, the UAE led the activity with two contracts and a 40% share of the midstream oil and gas contracts in Middle East. It saw an increase of 100% over the previous month’s total of one contract and an increase of 100% when compared with the last 12 month-average of one contract in the UAE, followed by Oman 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 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 July 2022

During the month, the majority of midstream segment contracts awarded in the Middle East were in the design & engineering with four contracts, followed by procurement and construction with three and two 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.

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