The midstream segment contracts in Middle East registered a decrease of 20% with eight contracts in November 2022, when compared with the previous month’s total of 10 contracts, according to GlobalData’s oil and gas contracts database.
A total of eight contracts were registered in the midstream segment of Middle East during the month, when compared with the last 12-month moving average of nine contracts.
In terms of the number of contracts in Middle East, the upstream segment contributed the most with 31 contracts in November 2022, followed by midstream and downstream segments with eight and four contracts, respectively.
Contract award activity in Middle East’s midstream segment during November 2022
In November 2022, Kuwait, Oman and Qatar led the activity with two contracts and a 25% share each of the midstream oil and gas contracts in Middle East. It saw a flat growth over the previous month’s total of two contracts and an increase of 100% when compared with the last 12 month-average of one contract in Kuwait.
Based on 12-month moving average of the contracts in the midstream segment of Middle East, Qatar took the top spot with three contracts, followed by the UAE and Iraq with two and one contract, respectively.
Contracts by scope of work in Middle East’s midstream segment during November 2022
During the month, the majority of midstream segment contracts awarded in the Middle East were in the construction and operations & maintenance with three contracts each, followed by procurement with three 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.