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  1. Market Data
August 22, 2022

Oil and gas contracts in Africa down 25% in July 2022

By Carmen

Oil and gas contracts in Africa registered a decrease of 25% in July 2022 with 15 contracts, when compared with 20 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 40%, when compared with the last 12-month average of 25 contracts.


Contract award activity in Africa during July 2022

Looking at contracts by country, Angola led the activity in July 2022 with six contracts representing a 40% share of all the oil and gas contracts, followed by Egypt with two contracts and a 13% share and Gabon with one contract and a 7% share. It saw an increase of 500% over the previous month’s total of one contract and an increase of 200% when compared with the last 12 month-average two 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 July 2022

Looking at oil and gas contracts by segment in Africa, upstream segment contributed the most in terms of the contracts awarded, with 13 contracts in July 2022, followed by midstream with one contract.

Contracts by scope of work in Africa during July 2022

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