Oil and gas contracts in Africa registered a decrease of 18% in May 2022 with 18 contracts, when compared with 22 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 31%, when compared with the last 12-month average of 26 contracts.
Contract award activity in Africa during May 2022
Looking at contracts by country, Mauritania led the activity in May 2022 with three contracts representing a 17% share of all the oil and gas contracts, followed by Nigeria and Senegal with two contracts and an 11% share each.
Based on 12-month moving average, Nigeria took the top spot with four contracts, followed by Egypt and Angola with three and two contracts, respectively.
Africa’s oil and gas contracts by segment in May 2022
Looking at oil and gas contracts by segment in Africa, upstream segment contributed the most in terms of the contracts awarded, with 12 contracts in May 2022, followed by midstream and petrochemicals with four and one contract, respectively.
Contracts by scope of work in Africa during May 2022
During May 2022, the majority of the contracts awarded were in the design & engineering space with 10 contracts, followed by operations & maintenance and procurement with nine and four 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.
