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September 29, 2021updated 01 Oct 2021 2:50pm

Oil and gas contracts in Middle East up 10% in August 2021

By Carmen

Oil and gas contracts in Middle East registered an increase of 10% in August 2021 with 34 contracts, when compared with 31 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 13%, when compared with the last 12-month average of 39 contracts.

 

Contract award activity in Middle East during August 2021

Looking at contracts by country, Qatar led the activity in August 2021 with nine contracts representing a 26% share of all the oil and gas contracts. It saw an increase of 50% over the previous month’s total of six contracts and an increase of 50% when compared with the last 12 month-average six contracts in Qatar.

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

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Middle East’s oil and gas contracts by segment in August 2021

Looking at oil and gas contracts by segment in Middle East, upstream segment contributed the most in terms of the contracts awarded, with 28 contracts in August 2021, followed by downstream and midstream with four and three contracts, respectively.

Contracts by scope of work in Middle East during August 2021

During August 2021, the majority of the contracts awarded were in the operations & maintenance space with 21 contracts, followed by design & engineering and procurement with 12 and 11 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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