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  1. Market Data
September 15, 2022

Contract activities in downstream segment in Africa up in August 2022

By Carmen

The downstream segment contracts in Africa registered an increase with one contract in August 2022, when compared with no contracts in the previous month, according to GlobalData’s oil and gas contracts database.

A total of one contract 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 17 contracts in August 2022, followed by downstream and midstream segments with one contract each.


Contract award activity in Africa’s downstream segment during August 2022

In August 2022, Nigeria held one contract and a 100% share of the downstream oil and gas contracts in Africa. It saw an increase of 100% over the previous month’s no contracts 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 2022

During the month, the majority of downstream segment contracts awarded in the Africa were in the procurement with one contract.

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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