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November 12, 2021

Contract activities in upstream segment in Middle East down 14% in October 2021

By Carmen

The upstream segment contracts in Middle East registered a decrease of 14% with 24 contracts in October 2021, when compared with the previous month’s total of 28 contracts, according to GlobalData’s oil and gas contracts database.

A total of 24 contracts were registered in the upstream segment of Middle East during the month, when compared with the last 12-month moving average of 29 contracts.


In terms of the number of contracts in Middle East, the upstream segment contributed the most with 24 contracts in October 2021, followed by downstream and midstream segments with nine and eight contracts, respectively.


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

In October 2021, the UAE led the activity with five contracts and a 21% share of the upstream oil and gas contracts in Middle East. It saw a decrease of 17% over the previous month’s total of six contracts and an increase of 25% when compared with the last 12 month-average of four contracts in the UAE, followed by Qatar and Saudi Arabia with three contracts 13% share each.

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 four contracts each.

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

During the month, the majority of upstream segment contracts awarded in the Middle East were in the operations & maintenance and procurement with 10 contracts each, followed by design & engineering with six 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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