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December 14, 2021

Contract activities in upstream segment in Middle East up 24% in November 2021

By Carmen

The upstream segment contracts in Middle East registered an increase of 24% with 31 contracts in November 2021, when compared with the previous month’s total of 25 contracts, according to GlobalData’s oil and gas contracts database.

A total of 31 contracts were registered in the upstream segment of Middle East during the month, when compared with the last 12-month moving average of 30 contracts.


In terms of the number of contracts in Middle East, the upstream segment contributed the most with 31 contracts in November 2021, followed by midstream and petrochemicals segments with 11 and three contracts, respectively.


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

In November 2021, the UAE led the activity with eight contracts and a 26% share of the upstream oil and gas contracts in Middle East. It saw an increase of 60% over the previous month’s total of five contracts and an increase of 100% when compared with the last 12 month-average of four contracts in the UAE.

In second place was Saudi Arabia with seven contracts and a 23% share, followed by Qatar with four contracts and a 13% share.

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

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

During the month, the majority of upstream segment contracts awarded in the Middle East were in the procurement with 17 contracts, followed by design & engineering and operations & maintenance with 15 and 13 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.

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