Oil and gas contracts in Africa registered a decrease of 25% in Q4 2021 with 63 contracts, when compared with 84 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 25%, when compared with the last four-quarter average of 84 contracts.
Contract award activity in Africa during Q4 2021
Looking at contracts by country, Egypt led the activity in Q4 2021 with nine contracts and a 14% share of all the oil and gas contracts in the region, followed by Angola with seven contracts and an 11% share and Nigeria with six contracts and a 10% share. It saw a decrease of 47% over the previous quarter’s 17 contracts and a decrease of 40% when compared with the last four-quarter-average of 15 contracts in Egypt.
Based on five-quarter moving average, Egypt took the top spot with 14 contracts, followed by Angola and Nigeria with 12 and 11 contracts, respectively.
Africa’s oil and gas contracts by segment in Q4 2021
Looking at oil and gas contracts by segment in Africa, upstream segment contributed the most in terms of the contracts awarded, with 51 contracts in Q4 2021, followed by midstream and petrochemicals with five and three contracts, respectively.
Contracts by scope of work in Africa during Q4 2021
During that quarter, the majority of the contracts awarded were in the operations & maintenance space with 34 contracts, followed by design & engineering and procurement with 19 and 14 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.