The upstream segment contracts in Middle East registered an increase of 29% with 31 contracts in November 2022, when compared with the previous month’s total of 24 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, 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 31 contracts in November 2022, followed by midstream and downstream segments with eight and four contracts, respectively.
Contract award activity in Middle East’s upstream segment during November 2022
In November 2022, the UAE led the activity with nine contracts and a 29% share of the upstream oil and gas contracts in Middle East. It saw an increase of 80% over the previous month’s total of five contracts and an increase of 50% when compared with the last 12 month-average of six contracts in the UAE, followed by Kuwait and Oman with six contracts 19% share each.
Based on 12-month moving average of the contracts in the upstream segment of Middle East, Saudi Arabia took the top spot with seven contracts, followed by the UAE and Qatar with six and five contracts, respectively.
Contracts by scope of work in Middle East’s upstream segment during November 2022
During the month, the majority of upstream segment contracts awarded in the Middle East were in the operations & maintenance with 18 contracts, followed by procurement and design & engineering with 11 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.