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January 11, 2022

Contract activities in midstream segment in Middle East up 31% in Q4 2021

By Carmen

The midstream segment contracts in Middle East registered an increase of 31% with 21 contracts in Q4 2021, when compared with the previous quarter’s total of 16 contracts, according to GlobalData’s oil and gas contracts database.

A total of 21 contracts were registered in the midstream segment of Middle East during the quarter, when compared with the last four-quarter moving average of 19 contracts.


In terms of the number of contracts in Middle East, the upstream segment contributed the most with 83 contracts in Q4 2021, followed by midstream and downstream segments with 21 and 16 contracts, respectively.


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Contract award activity in Middle East’s midstream segment during Q4 2021

Looking at the total oil and gas contracts by country in the midstream segment of Middle East, Qatar, Saudi Arabia and Turkey led the activity in Q4 2021 with four contracts and a 19% share each. It saw a flat growth over the previous quarter’s total of four contracts and an increase of 33% when compared with the last four-quarter-average of three contracts in Qatar.

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

Contracts by scope of work in Middle East’s midstream segment during Q4 2021

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