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September 29, 2021updated 06 Oct 2021 5:08pm

Contract activities in downstream segment in Africa down 13% in Q2 2021

By Carmen

The downstream segment contracts in Africa registered a decrease of 13% with seven contracts in Q2 2021, when compared with the previous quarter’s total of eight contracts, according to GlobalData’s oil and gas contracts database.

A total of seven 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 48 contracts in Q2 2021, followed by midstream and downstream segments with 14 and seven contracts, respectively.

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Contract award activity in Africa’s downstream segment during Q2 2021

Looking at the total oil and gas contracts by country in the downstream segment of Africa, Egypt led the activity in Q2 2021 with three contracts and a 43% share. It saw an increase of 50% over the previous quarter’s total of two contracts and an increase of 200% when compared with the last four-quarter-average of one contract in Egypt, followed by Nigeria with two contracts and a 29% share.

Based on five-quarter moving average of the contracts in the downstream segment of Africa, Nigeria took the top spot with three contracts.

Contracts by scope of work in Africa’s downstream segment during Q2 2021

During the quarter, the majority of downstream segment contracts awarded in the Africa were in the procurement with five contracts, followed by design & engineering with four 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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