Contracts awarded by Saudi Aramco, worth $18bn, and the Abu Dhabi National Oil Company (ADNOC), worth $3.6bn, were responsible for driving contract activity in the Middle East oil & gas sector in Q3 2019, according to GlobalData.

GlobalData’s global quarterly review of awarded contracts in the oil and gas industry found the upstream sector reported 1,035 contracts during Q3 2019, followed by midstream and downstream/petrochemical sector with 255 and 109 contracts, respectively, during the quarter.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

In the Middle East, Saudi Aramco awarded 34 engineering, procurement and construction (EPC) contracts to expand production capacity at the Marjan and Berri offshore oilfields.

Meanwhile, ADNOC awarded contracts for the supply of a combined total of 1 million metric tons of casing and tubing to support onshore and offshore E&P activity in the United Arab Emirates.

North America recorded the most contracts by volume, with 489 contracts reported, representing 35% of the global total in Q3 2019, followed closely by Europe with 471 contracts, accounting for 34% of the total contracts.


Source: Equipment and Services Analytics © GlobalData

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Operation and Maintenance (O&M) represented 61 per cent of the total contracts in Q3 2019, followed by contracts with multiple scopes, such as construction, design and engineering, installation, O&M, and procurement, which accounted for 12 per cent.

Some key contracts were:

  • McDermott International and COOEC consortium’s US$3.5bn contract for the engineering, procurement, construction and installation (EPCI) of Gas-Oil Separation Plant (GOSP), and McDermott International’s US$1.7bn EPCI contract for offshore gas facilities and pipelines.
  • Saipem Onshore E&C division’s two contracts combined worth over US$3.5bn for the EPCI services for the development of the land facilities – expansion of Abu Ali Crude – oil gas separation plant and Khursaniyah Gas Plant (KGP) Gas facilities through the installation of new process units, construction of a gas treatment unit and another unit for the recovery of acid gases for sulfur production.
  • Tecnicas Reunidas’ US$3.36bn EPCI contract for gas processing plant, and recovery and fractionation facilities; and L&T Hydrocarbon Engineering (LTHE) and EMAS AMC consortium’s mega-contract valued worth over US$1bn for the EPCI of oil facilities, tie-in platforms, production deck modules (wellhead decks), subsea pipelines, and subsea cables as well as the replacement of existing control gears at offshore platforms, as part of increment development programme.