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September 29, 2021updated 06 Oct 2021 4:11pm

Contract activities in midstream segment in Africa down 22% in Q2 2021

By Carmen

The midstream segment contracts in Africa registered a decrease of 22% with 14 contracts in Q2 2021, when compared with the previous quarter’s total of 18 contracts, according to GlobalData’s oil and gas contracts database.

A total of 14 contracts were registered in the midstream segment of Africa during the quarter, when compared with the last four-quarter moving average of 13 contracts.

 

In terms of the number of contracts in Africa, the upstream segment contributed the most with 48 contracts in Q2 2021, followed by midstream and downstream segments with 14 and seven contracts, respectively.

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Contract award activity in Africa’s midstream segment during Q2 2021

Looking at the total oil and gas contracts by country in the midstream segment of Africa, Nigeria led the activity in Q2 2021 with six contracts and a 43% share. It saw an increase of 500% over the previous quarter’s total of one contract and an increase of 500% when compared with the last four-quarter-average of one contract in Nigeria, followed by Egypt and Liberia with two contracts 14% share each.

Based on five-quarter moving average of the contracts in the midstream segment of Africa, Egypt took the top spot with three contracts.

Contracts by scope of work in Africa’s midstream segment during Q2 2021

During the quarter, the majority of midstream segment contracts awarded in the Africa were in the design & engineering with six contracts, followed by procurement with six contracts.

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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