The upstream segment contracts in Middle East registered an increase of 16% with 95 contracts in Q2 2021, when compared with the previous quarter’s total of 82 contracts, according to GlobalData’s oil and gas contracts database.
A total of 95 contracts were registered in the upstream segment of Middle East during the quarter, when compared with the last four-quarter moving average of 73 contracts.
In terms of the number of contracts in Middle East, the upstream segment contributed the most with 95 contracts in Q2 2021, followed by midstream and downstream segments with 16 and nine contracts, respectively.
Contract award activity in Middle East’s upstream segment during Q2 2021
Looking at the total oil and gas contracts by country in the upstream segment of Middle East, Saudi Arabia led the activity in Q2 2021 with 14 contracts and a 15% share. It saw an increase of 8% over the previous quarter’s total of 13 contracts and an increase of 56% when compared with the last four-quarter-average of nine contracts in Saudi Arabia.
In second place was Kuwait with 13 contracts and a 14% share, followed by Bahrain with 12 contracts and a 13% share.
Based on five-quarter moving average of the contracts in the upstream segment of Middle East, Qatar took the top spot with 12 contracts, followed by Saudi Arabia and Bahrain with 10 and nine contracts, respectively.
Contracts by scope of work in Middle East’s upstream segment during Q2 2021
During the quarter, the majority of upstream segment contracts awarded in the Middle East were in the operations & maintenance with 50 contracts, followed by procurement with 36 contracts.
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.