The midstream segment contracts in Middle East registered a decrease of 27% with eight contracts in April 2022, when compared with the previous month’s total of 11 contracts, according to GlobalData’s oil and gas contracts database.
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A total of eight contracts were registered in the midstream segment of Middle East during the month, when compared with the last 12-month moving average of seven contracts.
In terms of the number of contracts in Middle East, the upstream segment contributed the most with 22 contracts in April 2022, followed by midstream and downstream segments with eight and four contracts, respectively.
Contract award activity in Middle East’s midstream segment during April 2022
In April 2022, Qatar led the activity with four contracts and a 50% share of the midstream oil and gas contracts in Middle East. It saw a decrease of 20% over the previous month’s total of five contracts and an increase of 100% when compared with the last 12 month-average of two contracts in Qatar.
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By GlobalDataIn second place was Oman with two contracts and a 25% share, followed by Iraq with one contract and a 13% share.
Based on 12-month moving average of the contracts in the midstream segment of Middle East, Qatar took the top spot with two contracts, followed by Kuwait and Oman with one contract each.
Contracts by scope of work in Middle East’s midstream segment during April 2022
During the month, the majority of midstream segment contracts awarded in the Middle East were in the procurement with five contracts, followed by design & engineering and construction with four and three 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.
