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September 29, 2021updated 05 Oct 2021 3:31pm

Contract activities in upstream segment in Middle East up 22% in August 2021

By Carmen

The upstream segment contracts in Middle East registered an increase of 22% with 28 contracts in August 2021, when compared with the previous month’s total of 23 contracts, according to GlobalData’s oil and gas contracts database.

A total of 28 contracts were registered in the upstream segment of Middle East during the month, remained flat when compared with the last 12-month average contracts.

 

In terms of the number of contracts in Middle East, the upstream segment contributed the most with 28 contracts in August 2021, followed by downstream and midstream segments with four and three contracts, respectively.

 

Contract award activity in Middle East’s upstream segment during August 2021

In August 2021, Qatar led the activity with six contracts and a 21% share of the upstream oil and gas contracts in Middle East. It saw an increase of 50% over the previous month’s total of four contracts and an increase of 20% when compared with the last 12 month-average of five contracts in Qatar.

In second place was Kuwait with five contracts and an 18% share, followed by the UAE with four contracts and a 14% share.

Based on 12-month moving average of the contracts in the upstream segment of Middle East, Qatar took the top spot with five contracts, followed by Saudi Arabia and Bahrain with four and three contracts, respectively.

Contracts by scope of work in Middle East’s upstream segment during August 2021

During the month, the majority of upstream segment contracts awarded in the Middle East were in the operations & maintenance with 17 contracts, followed by design & engineering with nine contracts.

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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