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  1. Market Data
November 12, 2021

Oil and gas contracts in Africa down 19% in October 2021

By Carmen

Oil and gas contracts in Africa registered a decrease of 19% in October 2021 with 22 contracts, when compared with 27 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 19%, when compared with the last 12-month average of 27 contracts.


Contract award activity in Africa during October 2021

Looking at contracts by country, Angola led the activity in October 2021 with four contracts representing an 18% share of all the oil and gas contracts, followed by South Africa and Gabon with two contracts and a 9% share each. It saw an increase of 33% over the previous month’s total of three contracts and a flat growth when compared with the last 12 month-average four contracts in Angola.

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 October 2021

Looking at oil and gas contracts by segment in Africa, upstream segment contributed the most in terms of the contracts awarded, with 21 contracts in October 2021.

Contracts by scope of work in Africa during October 2021

During October 2021, the majority of the contracts awarded were in the operations & maintenance space with 11 contracts, followed by design & engineering and procurement with 10 and three 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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