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  1. Market Data
December 14, 2021

Oil and gas contracts in Africa down 22% in November 2021

By Carmen

Oil and gas contracts in Africa registered a decrease of 22% in November 2021 with 18 contracts, when compared with 23 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 36%, when compared with the last 12-month average of 28 contracts.


Contract award activity in Africa during November 2021

Looking at contracts by country, Egypt led the activity in November 2021 with six contracts representing a 33% share of all the oil and gas contracts, followed by Nigeria with three contracts and a 17% share and South Africa with one contract and a 6% share. It saw an increase of 500% over the previous month’s total of one contract and an increase of 20% when compared with the last 12 month-average five contracts in Egypt.

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 November 2021

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 November 2021, followed by downstream and midstream with two and one contract, respectively.

Contracts by scope of work in Africa during November 2021

During November 2021, the majority of the contracts awarded were in the operations & maintenance space with 10 contracts, followed by design & engineering and procurement with six 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.

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