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  1. Market Data
September 15, 2022

Oil and gas contracts in Africa up 20% in August 2022

By Carmen

Oil and gas contracts in Africa registered an increase of 20% in August 2022 with 18 contracts, when compared with 15 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 28%, when compared with the last 12-month average of 25 contracts.


Contract award activity in Africa during August 2022

Looking at contracts by country, Angola and Senegal led the activity in August 2022 with three contracts representing a 17% share each of all the oil and gas contracts, followed by Nigeria with two contracts and an 11% share. It saw a decrease of 50% over the previous month’s total of six contracts and a flat growth when compared with the last 12 month-average three contracts in Angola.

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


Africa’s oil and gas contracts by segment in August 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 August 2022, followed by downstream with one contract.

Contracts by scope of work in Africa during August 2022

During August 2022, the majority of the contracts awarded were in the procurement space with 12 contracts, followed by operations & maintenance and design & engineering with five and three 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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