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January 11, 2022

Oil and gas contracts in Africa up 5% in December 2021

By Carmen

Oil and gas contracts in Africa registered an increase of 5% in December 2021 with 20 contracts, when compared with 19 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 29%, when compared with the last 12-month average of 28 contracts.


Contract award activity in Africa during December 2021

Looking at contracts by country, Angola led the activity in December 2021 with three contracts representing a 15% share of all the oil and gas contracts, followed by Egypt and Gabon with two contracts and a 10% share each.

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


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

Looking at oil and gas contracts by segment in Africa, upstream segment contributed the most in terms of the contracts awarded, with 16 contracts in December 2021, followed by midstream and petrochemicals segments with two contracts each.

Contracts by scope of work in Africa during December 2021

During December 2021, the majority of the contracts awarded were in the operations & maintenance space with 12 contracts, followed by procurement and design & engineering with six 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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