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  1. Market Data
April 13, 2022

Contract activities in downstream segment in Africa up in March 2022

By Carmen

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

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


In terms of the number of contracts in Africa, the upstream segment contributed the most with 13 contracts in March 2022, followed by downstream and midstream segments with two contracts each.


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

In March 2022, Nigeria led the activity with one contract and a 50% 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 March 2022

During the month, the majority of downstream segment contracts awarded in the Africa were in the procurement 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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