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  1. Market Data
April 13, 2022

Contract activities in midstream segment in Middle East down 43% in Q1 2022

By Carmen

The midstream segment contracts in Middle East registered a decrease of 43% with 16 contracts in Q1 2022, when compared with the previous quarter’s total of 28 contracts, according to GlobalData’s oil and gas contracts database.

A total of 16 contracts were registered in the midstream segment of Middle East during the quarter, when compared with the last four-quarter moving average of 21 contracts.


In terms of the number of contracts in Middle East, the upstream segment contributed the most with 75 contracts in Q1 2022, followed by midstream and downstream segments with 16 and 12 contracts, respectively.


Contract award activity in Middle East’s midstream segment during Q1 2022

Looking at the total oil and gas contracts by country in the midstream segment of Middle East, Qatar led the activity in Q1 2022 with six contracts and a 38% share. It saw an increase of 20% over the previous quarter’s total of five contracts and an increase of 50% when compared with the last four-quarter-average of four contracts in Qatar.

In second place was the UAE with three contracts and a 19% share, followed by Saudi Arabia with two contracts and a 13% share.

Based on five-quarter moving average of the contracts in the midstream segment of Middle East, Qatar took the top spot with five contracts, followed by Saudi Arabia and the UAE with three contracts each.

Contracts by scope of work in Middle East’s midstream segment during Q1 2022

During the quarter, the majority of midstream segment contracts awarded in the Middle East were in the procurement with seven contracts, followed by operations & maintenance and design & engineering with six and five 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.

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