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January 11, 2022

Contract activities in downstream segment in Africa down 75% in Q4 2021

By Carmen

The downstream segment contracts in Africa registered a decrease of 75% with three contracts in Q4 2021, when compared with the previous quarter’s total of 12 contracts, according to GlobalData’s oil and gas contracts database.

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



Contract award activity in Africa’s downstream segment during Q4 2021

Looking at the total oil and gas contracts by country in the downstream segment of Africa, Egypt and Tanzania led the activity in Q4 2021 with one contract and a 33% share each. It saw a decrease of 80% over the previous quarter’s total of five contracts and a decrease of 67% when compared with the last four-quarter-average of three contracts in Egypt.

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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 and Angola with two and one contract, respectively.

Contracts by scope of work in Africa’s downstream segment during Q4 2021

During the quarter, the majority of downstream segment contracts awarded in the Africa were in the design & engineering and operations & maintenance with one contract each, followed by 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.

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