Oil and gas contracts in Middle East registered a decrease of 18% in September 2021 with 28 contracts, when compared with 34 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 28%, when compared with the last 12-month average of 39 contracts.
Contract award activity in Middle East during September 2021
Looking at contracts by country, the UAE led the activity in September 2021 with seven contracts representing a 25% share of all the oil and gas contracts, followed by Qatar with six contracts and a 21% share and Saudi Arabia with five contracts and an 18% share. It saw an increase of 40% over the previous month’s total of five contracts and an increase of 17% when compared with the last 12 month-average six contracts in the UAE.
Based on 12-month moving average, Qatar, Saudi Arabia and the UAE took the top spot with six contracts each.
Middle East’s oil and gas contracts by segment in September 2021
Looking at oil and gas contracts by segment in Middle East, upstream segment contributed the most in terms of the contracts awarded, with 17 contracts in September 2021, followed by downstream with eight contracts.
Contracts by scope of work in Middle East during September 2021
During September 2021, the majority of the contracts awarded were in the procurement space with 13 contracts, followed by design & engineering and operations & maintenance with 12 contracts each.
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.