The upstream segment contracts in Middle East registered a decrease of 27% with 22 contracts in April 2022, when compared with the previous month’s total of 30 contracts, according to GlobalData’s oil and gas contracts database.

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A total of 22 contracts were registered in the upstream segment of Middle East during the month, when compared with the last 12-month moving average of 32 contracts.


In terms of the number of contracts in Middle East, the upstream segment contributed the most with 22 contracts in April 2022, followed by midstream and downstream segments with eight and four contracts, respectively.

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Contract award activity in Middle East’s upstream segment during April 2022

In April 2022, the UAE led the activity with five contracts and a 23% share of the upstream oil and gas contracts in Middle East. It saw an increase of 67% over the previous month’s total of three contracts and a flat growth when compared with the last 12 month-average of five contracts in the UAE, followed by Iraq and Oman with four contracts 18% share each.

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Based on 12-month moving average of the contracts in the upstream segment of Middle East, Qatar, Saudi Arabia and the UAE took the top spot with five contracts each.

Contracts by scope of work in Middle East’s upstream segment during April 2022

During the month, the majority of upstream segment contracts awarded in the Middle East were in the operations & maintenance with 15 contracts, followed by procurement and design & engineering with seven 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.