The midstream segment contracts in Africa registered a decrease of 38% with five contracts in Q3 2022, when compared with the previous quarter’s total of eight contracts, according to GlobalData’s oil and gas contracts database.
A total of five contracts were registered in the midstream segment of Africa during the quarter, when compared with the last four-quarter moving average of 12 contracts.
In terms of the number of contracts in Africa, the upstream segment contributed the most with 52 contracts in Q3 2022, followed by midstream and petrochemicals segments with five and three contracts, respectively.
Contract award activity in Africa’s midstream segment during Q3 2022
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Looking at the total oil and gas contracts by country in the midstream segment of Africa, Angola led the activity in Q3 2022 with two contracts and a 40% share. It saw an increase of 200% over the previous quarter’s no contracts and an increase of 100% when compared with the last four-quarter-average of one contract in Angola, followed by Egypt and Mozambique with one contract 20% share each.
Based on five-quarter moving average of the contracts in the midstream segment of Africa, Nigeria took the top spot with two contracts, followed by Angola and Egypt with one contract each.
Contracts by scope of work in Africa’s midstream segment during Q3 2022
During the quarter, the majority of midstream segment contracts awarded in the Africa were in the design & engineering and operations & maintenance with three contracts each, followed by procurement with two contracts.
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.