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September 29, 2021updated 05 Oct 2021 2:51pm

Contract activities in downstream segment in Africa down 20% in August 2021

By Carmen

The downstream segment contracts in Africa registered a decrease of 20% with four contracts in August 2021, when compared with the previous month’s total of five contracts, according to GlobalData’s oil and gas contracts database.

A total of four contracts were registered in the downstream segment of Africa during the month, when compared with the last 12-month moving average of two contracts.

 

In terms of the number of contracts in Africa, the upstream segment contributed the most with 19 contracts in August 2021, followed by midstream and downstream segments with six and four contracts, respectively.

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Contract award activity in Africa’s downstream segment during August 2021

In August 2021, Nigeria, Egypt and Congo Republic led the activity with one contract and a 25% share each of the downstream oil and gas contracts in Africa. It saw a flat growth over the previous month’s total of one contract and a flat growth when compared with the last 12 month-average of one contract in Nigeria.

Based on 12-month moving average of the contracts in the downstream segment of Africa, Egypt and Nigeria took the top spot with one contract each.

Contracts by scope of work in Africa’s downstream segment during August 2021

During the month, the majority of downstream segment contracts awarded in the Africa were in the design & engineering with three contracts, followed by operations & maintenance with two contracts.

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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