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December 14, 2021

Oil and gas contracts in Middle East remain flat in November 2021

By Carmen

Oil and gas contracts in Middle East remained flat in November 2021 with 41 contracts, when compared with contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity remained flat when compared with the last 12-month average of 41 contracts.


Contract award activity in Middle East during November 2021

Looking at contracts by country, Saudi Arabia led the activity in November 2021 with 13 contracts representing a 32% share of all the oil and gas contracts, followed by the UAE with eight contracts and a 20% share and Qatar with six contracts and a 15% share. It saw an increase of 44% over the previous month’s total of nine contracts and an increase of 86% when compared with the last 12 month-average seven contracts in Saudi Arabia.

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


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

Looking at oil and gas contracts by segment in Middle East, upstream segment contributed the most in terms of the contracts awarded, with 31 contracts in November 2021, followed by midstream with 11 contracts.

Contracts by scope of work in Middle East during November 2021

During November 2021, the majority of the contracts awarded were in the procurement space with 19 contracts, followed by operations & maintenance and design & engineering with 13 contracts each.

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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