The midstream segment contracts in Middle East registered a decrease of 15% with 22 contracts in Q2 2022, when compared with the previous quarter’s total of 26 contracts, according to GlobalData’s oil and gas contracts database.
A total of 22 contracts were registered in the midstream segment of Middle East during the quarter, when compared with the last four-quarter moving average of 23 contracts.
In terms of the number of contracts in Middle East, the upstream segment contributed the most with 81 contracts in Q2 2022, followed by midstream and petrochemicals segments with 22 and seven contracts, respectively.
Contract award activity in Middle East’s midstream segment during Q2 2022
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Looking at the total oil and gas contracts by country in the midstream segment of Middle East, Qatar led the activity in Q2 2022 with nine contracts and a 41% share. It saw a decrease of 10% over the previous quarter’s total of 10 contracts and an increase of 50% when compared with the last four-quarter-average of six contracts in Qatar.
In second place was the UAE with four contracts and an 18% share, followed by Saudi Arabia with three contracts and a 14% share.
Based on five-quarter moving average of the contracts in the midstream segment of Middle East, Qatar took the top spot with seven contracts, followed by the UAE and Kuwait with four and three contracts, respectively.
Contracts by scope of work in Middle East’s midstream segment during Q2 2022
During the quarter, the majority of midstream segment contracts awarded in the Middle East were in the procurement with 12 contracts, followed by operations & maintenance and design & engineering with eight and five 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.