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October 28, 2021

Oil and gas contracts in Africa down 28% in September 2021

By Carmen

Oil and gas contracts in Africa registered a decrease of 28% in September 2021 with 23 contracts, when compared with 32 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 18%, when compared with the last 12-month average of 28 contracts.


Contract award activity in Africa during September 2021

Looking at contracts by country, Morocco, West Africa and Egypt led the activity in September 2021 with three contracts representing a 13% share each of all the oil and gas contracts.

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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 September 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 September 2021, followed by midstream with three contracts.

Contracts by scope of work in Africa during September 2021

During September 2021, the majority of the contracts awarded were in the design & engineering space with 12 contracts, followed by operations & maintenance and procurement with eight 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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