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  1. Market Data
January 11, 2022

Contract activities in upstream segment in Middle East down 9% in Q4 2021

By Carmen

The upstream segment contracts in Middle East registered a decrease of 9% with 83 contracts in Q4 2021, when compared with the previous quarter’s total of 91 contracts, according to GlobalData’s oil and gas contracts database.

A total of 83 contracts were registered in the upstream segment of Middle East during the quarter, when compared with the last four-quarter moving average of 90 contracts.


In terms of the number of contracts in Middle East, the upstream segment contributed the most with 83 contracts in Q4 2021, followed by midstream and downstream segments with 21 and 16 contracts, respectively.


Contract award activity in Middle East’s upstream segment during Q4 2021

Looking at the total oil and gas contracts by country in the upstream segment of Middle East, the UAE led the activity in Q4 2021 with 20 contracts and a 24% share. It saw an increase of 54% over the previous quarter’s total of 13 contracts and an increase of 54% when compared with the last four-quarter-average of 13 contracts in the UAE.

In second place was Saudi Arabia with 16 contracts and a 19% share, followed by Qatar with 12 contracts and a 14% share.

Based on five-quarter moving average of the contracts in the upstream segment of Middle East, Saudi Arabia and the UAE took the top spot with 14 contracts each, followed by Qatar with 13 contracts.

Contracts by scope of work in Middle East’s upstream segment during Q4 2021

During the quarter, the majority of upstream segment contracts awarded in the Middle East were in the design & engineering with 38 contracts, followed by procurement and operations & maintenance with 37 and 36 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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