The midstream segment contracts in Middle East registered a decrease of 38% with five contracts in June 2022, when compared with the previous month’s total of eight 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 38 contracts in June 2022, followed by midstream and petrochemicals segments with five and four contracts, respectively.
Contract award activity in Middle East’s midstream segment during June 2022
In June 2022, Saudi Arabia 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 Saudi Arabia, followed by the UAE and Qatar 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 June 2022
During the month, the majority of midstream segment contracts awarded in the Middle East were in the procurement with four contracts, followed by operations & maintenance with one contract.
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.