Oil and gas contracts in Middle East registered a decrease of 5% in October 2022 with 35 contracts, when compared with 37 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 24%, when compared with the last 12-month average of 46 contracts.


Contract award activity in Middle East during October 2022

Looking at contracts by country, Saudi Arabia led the activity in October 2022 with 11 contracts representing a 31% share of all the oil and gas contracts, followed by the UAE with six contracts and a 17% share and Qatar with five contracts and a 14% share. It saw an increase of 22% over the previous month’s total of nine contracts and an increase of 22% when compared with the last 12 month-average nine contracts in Saudi Arabia.

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


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

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 October 2022, followed by midstream with 10 contracts.

Contracts by scope of work in Middle East during October 2022

During October 2022, the majority of the contracts awarded were in the operations & maintenance space with 20 contracts, followed by procurement and design & engineering with 14 and eight 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.