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  1. Market Data
April 13, 2022

Contract activities in midstream segment in Africa up 20% in Q1 2022

By Carmen

The midstream segment contracts in Africa registered an increase of 20% with 12 contracts in Q1 2022, when compared with the previous quarter’s total of 10 contracts, according to GlobalData’s oil and gas contracts database.

A total of 12 contracts were registered in the midstream segment of Africa during the quarter, when compared with the last four-quarter moving average of 14 contracts.


In terms of the number of contracts in Africa, the upstream segment contributed the most with 43 contracts in Q1 2022, followed by midstream and downstream segments with 12 and two contracts, respectively.


Contract award activity in Africa’s midstream segment during Q1 2022

Looking at the total oil and gas contracts by country in the midstream segment of Africa, Algeria and Mozambique led the activity in Q1 2022 with two contracts and a 17% share each, followed by South Africa with one contract and an 8% share, followed by South Africa with one contract and an 8% share.

Based on five-quarter moving average of the contracts in the midstream segment of Africa, Nigeria took the top spot with three contracts, followed by Egypt and Algeria with two and one contract, respectively.

Contracts by scope of work in Africa’s midstream segment during Q1 2022

During the quarter, the majority of midstream segment contracts awarded in the Africa were in the construction with five contracts, followed by procurement and design & engineering with four and three contracts, respectively.

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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