The downstream segment contracts in Africa registered an increase of 200% with six contracts in Q2 2022, when compared with the previous quarter’s total of two contracts, according to GlobalData’s oil and gas contracts database.
A total of six contracts were registered in the downstream segment of Africa during the quarter, remained flat when compared with the last four-quarter average contracts.
In terms of the number of contracts in Africa, the upstream segment contributed the most with 44 contracts in Q2 2022, followed by midstream and downstream segments with seven and six contracts, respectively.
Contract award activity in Africa’s downstream segment during Q2 2022
Looking at the total oil and gas contracts by country in the downstream segment of Africa, Egypt led the activity in Q2 2022 with four contracts and a 67% share. It saw an increase of 400% over the previous quarter’s no contracts and an increase of 100% when compared with the last four-quarter-average of two contracts in Egypt.
In second place was Nigeria with two contracts and a 33% share.
Based on five-quarter moving average of the contracts in the downstream segment of Africa, Egypt took the top spot with three contracts, followed by Nigeria with two contracts.
Contracts by scope of work in Africa’s downstream segment during Q2 2022
During the quarter, the majority of downstream segment contracts awarded in the Africa were in the design & engineering with four 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.