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  1. Market Data
March 21, 2022

Oil and gas contracts in Africa up 54% in February 2022

By Carmen

Oil and gas contracts in Africa registered an increase of 54% in February 2022 with 20 contracts, when compared with 13 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 26%, when compared with the last 12-month average of 27 contracts.


Contract award activity in Africa during February 2022

Looking at contracts by country, Uganda led the activity in February 2022 with six contracts representing a 30% share of all the oil and gas contracts, followed by Senegal with two contracts and a 10% share and Tanzania with one contract and a 5% share. It saw an increase of 500% over the previous month’s total of one contract and an increase of 500% when compared with the last 12 month-average one contract in Uganda.

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


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

Looking at oil and gas contracts by segment in Africa, upstream segment contributed the most in terms of the contracts awarded, with 15 contracts in February 2022, followed by midstream with five contracts.

Contracts by scope of work in Africa during February 2022

During February 2022, the majority of the contracts awarded were in the construction and operations & maintenance space with seven contracts each, followed by procurement with six contracts.

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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