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September 29, 2021updated 01 Oct 2021 2:33pm

Oil and gas contracts in Africa up 48% in August 2021

By Carmen

Oil and gas contracts in Africa registered an increase of 48% in August 2021 with 31 contracts, when compared with 21 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

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

 

Contract award activity in Africa during August 2021

Looking at contracts by country, Egypt led the activity in August 2021 with four contracts representing a 13% share of all the oil and gas contracts. It saw a decrease of 50% over the previous month’s total of eight contracts and a decrease of 20% when compared with the last 12 month-average five contracts in Egypt.

Based on 12-month moving average, Egypt and Nigeria took the top spot with five contracts each.

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Africa’s oil and gas contracts by segment in August 2021

Looking at oil and gas contracts by segment in Africa, upstream segment contributed the most in terms of the contracts awarded, with 19 contracts in August 2021, followed by midstream and downstream with six and four contracts, respectively.

Contracts by scope of work in Africa during August 2021

During August 2021, the majority of the contracts awarded were in the operations & maintenance space with 22 contracts, followed by design & engineering and procurement with 11 and seven 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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