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  1. Market Data
May 27, 2022

Oil and gas contracts in Middle East down 20% in April 2022

By Carmen

Oil and gas contracts in Middle East registered a decrease of 20% in April 2022 with 36 contracts, when compared with 45 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 18%, when compared with the last 12-month average of 44 contracts.


Contract award activity in Middle East during April 2022

Looking at contracts by country, Oman led the activity in April 2022 with seven contracts representing a 19% share of all the oil and gas contracts, followed by Qatar and Saudi Arabia with five contracts and a 14% share each. It saw an increase of 133% over the previous month’s total of three contracts and an increase of 133% when compared with the last 12 month-average three contracts in Oman.

Based on 12-month moving average, Qatar and Saudi Arabia took the top spot with eight contracts each, followed by the UAE with seven contracts.


Middle East’s oil and gas contracts by segment in April 2022

Looking at oil and gas contracts by segment in Middle East, upstream segment contributed the most in terms of the contracts awarded, with 22 contracts in April 2022, followed by midstream and downstream with eight and four contracts, respectively.

Contracts by scope of work in Middle East during April 2022

During April 2022, the majority of the contracts awarded were in the operations & maintenance space with 20 contracts, followed by procurement and design & engineering with 14 and 13 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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