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September 29, 2021updated 06 Oct 2021 5:05pm

Contract activities in petrochemicals segment in Africa down 56% in Q2 2021

By Carmen

The petrochemicals segment contracts in Africa registered a decrease of 56% with four contracts in Q2 2021, when compared with the previous quarter’s total of nine contracts, according to GlobalData’s oil and gas contracts database.

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

 


 

Contract award activity in Africa’s petrochemicals segment during Q2 2021

Looking at the total oil and gas contracts by country in the petrochemicals segment of Africa, Egypt led the activity in Q2 2021 with three contracts and a 75% share. It saw a decrease of 25% over the previous quarter’s total of four contracts and an increase of 50% when compared with the last four-quarter-average of two contracts in Egypt, followed by Nigeria with once contract and a 25% share.

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Based on five-quarter moving average of the contracts in the petrochemicals segment of Africa, Egypt and Nigeria took the top spot with two contracts each.

Contracts by scope of work in Africa’s petrochemicals segment during Q2 2021

During the quarter, the majority of petrochemicals segment contracts awarded in the Africa were in the design & engineering with four contracts, followed by operations & maintenance with two contracts.

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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