The downstream segment contracts in Africa registered an increase of 400% with five contracts in June 2022, when compared with the previous month’s total of one contract, according to GlobalData’s oil and gas contracts database.
A total of five 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 14 contracts in June 2022, followed by downstream with five contracts.
Contract award activity in Africa’s downstream segment during June 2022
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In June 2022, Egypt led the activity with three contracts and a 60% share of the downstream oil and gas contracts in Africa. It saw an increase of 200% over the previous month’s total of one contract and an increase of 200% when compared with the last 12 month-average of one contract in Egypt.
In second place was Nigeria with two contracts and a 40% share.
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 June 2022
During the month, the majority of downstream segment contracts awarded in the Africa were in the design & engineering with three contracts, followed by procurement and construction with two and one contract, respectively.
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.