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September 29, 2021updated 06 Oct 2021 4:57pm

Contract activities in midstream segment in Middle East down 16% in Q2 2021

By Carmen

The midstream segment contracts in Middle East registered a decrease of 16% with 16 contracts in Q2 2021, when compared with the previous quarter’s total of 19 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 95 contracts in Q2 2021, followed by midstream and downstream segments with 16 and nine contracts, respectively.

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Contract award activity in Middle East’s midstream segment during Q2 2021

Looking at the total oil and gas contracts by country in the midstream segment of Middle East, Saudi Arabia led the activity in Q2 2021 with four contracts and a 25% share. It saw a flat growth over the previous quarter’s total of four contracts and a flat growth when compared with the last four-quarter-average of four contracts in Saudi Arabia.

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

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

Contracts by scope of work in Middle East’s midstream segment during Q2 2021

During the quarter, the majority of midstream segment contracts awarded in the Middle East were in the procurement with eight contracts, followed by operations & maintenance with seven contracts.

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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