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January 11, 2022

Contract activities in midstream segment in Africa down 55% in Q4 2021

By Carmen

The midstream segment contracts in Africa registered a decrease of 55% with five contracts in Q4 2021, when compared with the previous quarter’s total of 11 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 15 contracts.


In terms of the number of contracts in Africa, the upstream segment contributed the most with 51 contracts in Q4 2021, followed by midstream and petrochemicals segments with five and three contracts, respectively.


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

Looking at the total oil and gas contracts by country in the midstream segment of Africa, Kenya, Niger and Nigeria led the activity in Q4 2021 with one contract and a 20% share each. It saw a decrease of 50% over the previous quarter’s total of two contracts and a flat growth when compared with the last four-quarter-average of one contract in Kenya.

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

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

During the quarter, the majority of midstream segment contracts awarded in the Africa were in the design & engineering with three contracts, followed by construction and operations & maintenance with two and one contract, 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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