The midstream segment contracts in Middle East registered an increase of 20% with six contracts in March 2022, when compared with the previous month’s total of five contracts, according to GlobalData’s oil and gas contracts database.
A total of six 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 24 contracts in March 2022, followed by midstream and downstream segments with six and five contracts, respectively.
Contract award activity in Middle East’s midstream segment during March 2022
In March 2022, Qatar and the UAE led the activity with two contracts and a 33% share each 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 a flat growth when compared with the last 12 month-average of two contracts in Qatar, followed by Iran with one contract and a 17% share, followed by Iran with one contract and a 17% share.
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 March 2022
During the month, the majority of midstream segment contracts awarded in the Middle East were in the design & engineering and procurement with three contracts each, followed by operations & maintenance with two contracts.
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.