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  1. Market Data
May 27, 2022

Oil and gas contracts in Africa down 5% in April 2022

By Carmen

Oil and gas contracts in Africa registered a decrease of 5% in April 2022 with 21 contracts, when compared with 22 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 19%, when compared with the last 12-month average of 26 contracts.


Contract award activity in Africa during April 2022

Looking at contracts by country, Egypt and Morocco led the activity in April 2022 with three contracts representing a 14% share each of all the oil and gas contracts, followed by Mozambique with two contracts and a 10% share. It saw a decrease of 25% over the previous month’s total of four contracts and a decrease of 25% when compared with the last 12 month-average four contracts in Egypt.

Based on 12-month moving average, Nigeria took the top spot with four contracts, followed by Angola and Egypt with three contracts each.


Africa’s oil and gas contracts by segment in April 2022

Looking at oil and gas contracts by segment in Africa, upstream segment contributed the most in terms of the contracts awarded, with 17 contracts in April 2022, followed by midstream and petrochemicals with three and one contract, respectively.

Contracts by scope of work in Africa during April 2022

During April 2022, the majority of the contracts awarded were in the operations & maintenance space with 14 contracts, followed by design & engineering and installation with seven and two 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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