Market snapshot of Mena oil and gas

27 June 2024

Key points: 

> HISTORICAL CONTRACTS: 2023 had the highest value of oil and gas contracts awarded over the past decade

> CONTRACT AWARDS: Adnoc’s Hail & Ghasha sour gas development onshore and offshore packages lead the UAE’s 2023 project awards

> CONTRACTOR RANKING: Abu Dhabi’s NMDC Energy and Saipem were awarded the contract for the Hail and Ghasha sour gas development offshore package, while Italy’s Maire Tecnimont was awarded the contract for the onshore package

> FUTURE CONTRACTS: There are more than $408bn-worth of planned and unawarded oil and gas projects in the Mena region

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