The midstream segment contracts in Middle East registered an increase of 17% with seven contracts in September 2022, when compared with the previous month’s total of six contracts, according to GlobalData’s oil and gas contracts database.
A total of seven contracts were registered in the midstream segment of Middle East during the month, when compared with the last 12-month moving average of nine contracts.
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In terms of the number of contracts in Middle East, the upstream segment contributed the most with 21 contracts in September 2022, followed by midstream and petrochemicals segments with seven and two contracts, respectively.
Contract award activity in Middle East’s midstream segment during September 2022
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By GlobalDataIn September 2022, Qatar led the activity with three contracts and a 43% share of the midstream oil and gas contracts in Middle East. It saw a decrease of 40% over the previous month’s total of five contracts and an increase of 50% when compared with the last 12 month-average of two contracts in Qatar.
In second place was Turkey with two contracts and a 29% share, followed by the UAE with one contract and a 14% share.
Based on 12-month moving average of the contracts in the midstream segment of Middle East, Qatar took the top spot with three contracts, followed by the UAE and Kuwait with two and one contract, respectively.
Contracts by scope of work in Middle East’s midstream segment during September 2022
During the month, the majority of midstream segment contracts awarded in the Middle East were in the operations & maintenance with five contracts, followed by procurement and construction with two and one contract, 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.
