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  1. Market Data
April 13, 2022

Contract activities in downstream segment in Africa down 33% in Q1 2022

By Carmen

The downstream segment contracts in Africa registered a decrease of 33% with two contracts in Q1 2022, when compared with the previous quarter’s total of three contracts, according to GlobalData’s oil and gas contracts database.

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


In terms of the number of contracts in Africa, the upstream segment contributed the most with 43 contracts in Q1 2022, followed by midstream and downstream segments with 12 and two contracts, respectively.


Contract award activity in Africa’s downstream segment during Q1 2022

Looking at the total oil and gas contracts by country in the downstream segment of Africa, Nigeria led the activity in Q1 2022 with one contract and a 50% share. It saw an increase of 100% over the previous quarter’s no contracts and a decrease of 50% when compared with the last four-quarter-average of two contracts in Nigeria.

Based on five-quarter moving average of the contracts in the downstream segment of Africa, Egypt and Nigeria took the top spot with two contracts each, followed by Angola with one contract.

Contracts by scope of work in Africa’s downstream segment during Q1 2022

During the quarter, 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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