The midstream segment contracts in Africa registered an increase of 67% with five contracts in February 2022, when compared with the previous month’s total of three contracts, according to GlobalData’s oil and gas contracts database.
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A total of five contracts were registered in the midstream segment of Africa during the month, remained flat when compared with the last 12-month average contracts.
In terms of the number of contracts in Africa, the upstream segment contributed the most with 15 contracts in February 2022, followed by midstream with five contracts.
Contract award activity in Africa’s midstream segment during February 2022
In February 2022, Algeria, Congo Republic and Mozambique led the activity with one contract and a 20% share each of the midstream oil and gas contracts in Africa.
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By GlobalDataBased on 12-month moving average of the contracts in the midstream segment of Africa, Egypt and Nigeria took the top spot with one contract each.
Contracts by scope of work in Africa’s midstream segment during February 2022
During the month, the majority of midstream segment contracts awarded in the Africa were in the construction with two contracts, followed by design & engineering and operations & maintenance with one contract each.
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.
