Oil and gas contracts in Middle East registered a decrease of 27% in January 2022 with 30 contracts, when compared with 41 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 30%, when compared with the last 12-month average of 43 contracts.
Contract award activity in Middle East during January 2022
Looking at contracts by country, Saudi Arabia led the activity in January 2022 with 12 contracts representing a 40% share of all the oil and gas contracts, followed by Qatar with seven contracts and a 23% share and Iraq with four contracts and a 13% share.
Based on 12-month moving average, Saudi Arabia took the top spot with eight contracts, followed by Qatar and the UAE with seven and six contracts, respectively.
Middle East’s oil and gas contracts by segment in January 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 January 2022, followed by midstream and petrochemicals with five and two contracts, respectively.
Contracts by scope of work in Middle East during January 2022
During January 2022, the majority of the contracts awarded were in the operations & maintenance space with 18 contracts, followed by procurement and design & engineering with 14 and 12 contracts, respectively.
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.