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  1. Market Data
July 14, 2022

Oil and gas contracts in Middle East up 62% in June 2022

By Carmen

Oil and gas contracts in Middle East registered an increase of 62% in June 2022 with 47 contracts, when compared with 29 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 4%, when compared with the last 12-month average of 45 contracts.


Contract award activity in Middle East during June 2022

Looking at contracts by country, Saudi Arabia led the activity in June 2022 with 13 contracts representing a 28% share of all the oil and gas contracts, followed by Qatar and the UAE with 10 contracts and a 21% share each. It saw an increase of 117% over the previous month’s total of six contracts and an increase of 63% when compared with the last 12 month-average eight 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 eight and seven contracts, respectively.


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

Looking at oil and gas contracts by segment in Middle East, upstream segment contributed the most in terms of the contracts awarded, with 38 contracts in June 2022, followed by midstream with five contracts.

Contracts by scope of work in Middle East during June 2022

During June 2022, the majority of the contracts awarded were in the procurement space with 22 contracts, followed by operations & maintenance and design & engineering with 18 and 16 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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