The downstream segment contracts in Africa registered a decrease of 86% with one contract in Q3 2022, when compared with the previous quarter’s total of seven contracts, according to GlobalData’s oil and gas contracts database.
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A total of one contract were registered in the downstream segment of Africa during the quarter, when compared with the last four-quarter moving average of seven contracts.
Contract award activity in Africa’s downstream segment during Q3 2022
Looking at the total oil and gas contracts by country in the downstream segment of Africa, Nigeria held one contract and a 100% share in Q3 2022. It saw a decrease of 50% over the previous quarter’s total of two 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.
Contracts by scope of work in Africa’s downstream segment during Q3 2022
During the quarter, the majority of downstream segment contracts awarded in the Africa were in the procurement with one contract.
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.
