Oil and gas contracts in Middle East registered a decrease of 28% in December 2021 with 33 contracts, when compared with 46 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The activity marked a decrease of 23%, when compared with the last 12-month average of 43 contracts.


Contract award activity in Middle East during December 2021

Looking at contracts by country, the UAE led the activity in December 2021 with nine contracts representing a 27% share of all the oil and gas contracts, followed by Saudi Arabia with six contracts and an 18% share and Iran with four contracts and a 12% share. It saw an increase of 13% over the previous month’s total of eight contracts and an increase of 50% when compared with the last 12 month-average six contracts in the UAE.

See Also:

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

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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

Looking at oil and gas contracts by segment in Middle East, upstream segment contributed the most in terms of the contracts awarded, with 24 contracts in December 2021, followed by downstream with six contracts.

Contracts by scope of work in Middle East during December 2021

During December 2021, the majority of the contracts awarded were in the design & engineering space with 21 contracts, followed by procurement and operations & maintenance with 15 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.