Oil and gas contracts in Middle East registered a decrease of 21% in September 2022 with 30 contracts, when compared with 38 contracts in the previous month, according to GlobalData ’s oil and gas contracts database.
The activity marked a decrease of 33%, when compared with the last 12-month average of 45 contracts.
Contract award activity in Middle East during September 2022
Looking at contracts by country, Saudi Arabia led the activity in September 2022 with seven contracts representing a 23% share of all the oil and gas contracts, followed by the UAE with six contracts and a 20% share and Qatar with five contracts and a 17% share. It saw an increase of 17% over the previous month’s total of six contracts and a decrease of 22% when compared with the last 12 month-average nine contracts in Saudi Arabia.
Based on 12-month moving average, Qatar and Saudi Arabia took the top spot with nine contracts each, followed by the UAE with eight contracts.
Middle East’s oil and gas contracts by segment in September 2022
Looking at oil and gas contracts by segment in Middle East, upstream segment contributed the most in terms of the contracts awarded, with 21 contracts in September 2022, followed by midstream and petrochemicals with seven and two contracts, respectively.
Contracts by scope of work in Middle East during September 2022
During September 2022, the majority of the contracts awarded were in the operations & maintenance space with 18 contracts, followed by procurement and design & engineering with 12 and eight 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.