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  1. Market Data
April 13, 2022

Contract activities in petrochemicals segment in Africa down 67% in Q1 2022

By Carmen

The petrochemicals segment contracts in Africa registered a decrease of 67% with one contract in Q1 2022, when compared with the previous quarter’s total of three contracts, according to GlobalData’s oil and gas contracts database.

A total of one contract were registered in the petrochemicals segment of Africa during the quarter, when compared with the last four-quarter moving average of six contracts.



Contract award activity in Africa’s petrochemicals segment during Q1 2022

Looking at the total oil and gas contracts by country in the petrochemicals segment of Africa, Egypt held one contract and a 100% share in Q1 2022. It saw a decrease of 50% over the previous quarter’s total of two contracts and a decrease of 75% when compared with the last four-quarter-average of four contracts in Egypt.

Based on five-quarter moving average of the contracts in the petrochemicals segment of Africa, Egypt took the top spot with three contracts, followed by Nigeria with one contract.

Contracts by scope of work in Africa’s petrochemicals segment during Q1 2022

During the quarter, the majority of petrochemicals segment contracts awarded in the Africa were in the design & engineering with one contract.

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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