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  1. Market Data
April 13, 2022

Oil and gas contracts in Africa down 26% in Q1 2022

By Carmen

Oil and gas contracts in Africa registered a decrease of 26% in Q1 2022 with 56 contracts, when compared with 76 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 36%, when compared with the last four-quarter average of 87 contracts.


Contract award activity in Africa during Q1 2022

Looking at contracts by country, Uganda led the activity in Q1 2022 with eight contracts and a 14% share of all the oil and gas contracts in the region, followed by Nigeria and Egypt with six contracts and an 11% share each. It saw an increase of 300% over the previous quarter’s two contracts and an increase of 300% when compared with the last four-quarter-average of two contracts in Uganda.

Based on five-quarter moving average, Egypt took the top spot with 13 contracts, followed by Nigeria and Angola with 12 and 10 contracts, respectively.


Africa’s oil and gas contracts by segment in Q1 2022

Looking at oil and gas contracts by segment in Africa, upstream segment contributed the most in terms of the contracts awarded, with 43 contracts in Q1 2022, followed by midstream with 12 contracts.

Contracts by scope of work in Africa during Q1 2022

During that quarter, the majority of the contracts awarded were in the operations & maintenance space with 26 contracts, followed by procurement and design & engineering with 14 contracts each.

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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