The midstream segment contracts in Middle East registered an increase of 38% with 11 contracts in November 2021, when compared with the previous month’s total of eight contracts, according to GlobalData’s oil and gas contracts database.
A total of 11 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 31 contracts in November 2021, followed by midstream and petrochemicals segments with 11 and three contracts, respectively.
Contract award activity in Middle East’s midstream segment during November 2021
In November 2021, Saudi Arabia led the activity with four contracts and a 36% share of the midstream oil and gas contracts in Middle East. It saw an increase of 400% over the previous month’s no contracts and an increase of 300% when compared with the last 12 month-average of one contract in Saudi Arabia, followed by Turkey and Qatar with two contracts 18% share each.
Based on 12-month moving average of the contracts in the midstream segment of Middle East, Kuwait, Oman and Qatar took the top spot with one contract each.
Contracts by scope of work in Middle East’s midstream segment during November 2021
During the month, the majority of midstream segment contracts awarded in the Middle East were in the procurement with six contracts, followed by construction and design & engineering with four and three contracts, respectively.
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.