The midstream segment contracts in Middle East registered an increase of 60% with eight contracts in October 2021, when compared with the previous month’s total of five contracts, according to GlobalData’s oil and gas contracts database.
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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 six contracts.
In terms of the number of contracts in Middle East, the upstream segment contributed the most with 24 contracts in October 2021, followed by downstream and midstream segments with nine and eight contracts, respectively.
Contract award activity in Middle East’s midstream segment during October 2021
In October 2021, Turkey and the UAE led the activity with two contracts and a 25% share each of the midstream oil and gas contracts in Middle East, followed by Bahrain with one contract and a 13% share, followed by Bahrain with one contract and a 13% share.
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By GlobalDataBased 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 October 2021
During the month, the majority of midstream segment contracts awarded in the Middle East were in the construction with four contracts, followed by design & engineering and installation 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.
