Oil and gas contracts in Africa registered a decrease of 52% in October 2022 with 12 contracts, when compared with 25 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 50%, when compared with the last 12-month average of 24 contracts.
Contract award activity in Africa during October 2022
Looking at contracts by country, Nigeria led the activity in October 2022 with three contracts representing a 25% share of all the oil and gas contracts, followed by South Sudan and Tunisia with one contract and an 8% share each. It saw a flat growth over the previous month’s total of three contracts and a flat growth when compared with the last 12 month-average three contracts in Nigeria.
Based on 12-month moving average, Egypt and Nigeria took the top spot with three contracts each, followed by Angola with two contracts.
Africa’s oil and gas contracts by segment in October 2022
Looking at oil and gas contracts by segment in Africa, upstream segment contributed the most in terms of the contracts awarded, with nine contracts in October 2022, followed by midstream and downstream with two and one contract, respectively.
Contracts by scope of work in Africa during October 2022
During October 2022, the majority of the contracts awarded were in the operations & maintenance space with six contracts, followed by design & engineering and procurement with four and three contracts, respectively.
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.