View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
March 21, 2022

Oil and gas contracts in Middle East remain flat in February 2022

By Carmen

Oil and gas contracts in Middle East remained flat in February 2022 with 34 contracts, when compared with contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 23%, when compared with the last 12-month average of 44 contracts.


Contract award activity in Middle East during February 2022

Looking at contracts by country, Saudi Arabia led the activity in February 2022 with eight contracts representing a 24% share of all the oil and gas contracts, followed by Turkey and Qatar with five contracts and a 15% share each. It saw a decrease of 38% over the previous month’s total of 13 contracts and a decrease of 11% when compared with the last 12 month-average nine contracts in Saudi Arabia.

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


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

Looking at oil and gas contracts by segment in Middle East, upstream segment contributed the most in terms of the contracts awarded, with 25 contracts in February 2022, followed by midstream with five contracts.

Contracts by scope of work in Middle East during February 2022

During February 2022, the majority of the contracts awarded were in the operations & maintenance space with 21 contracts, followed by design & engineering and procurement with 11 and nine 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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology