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  1. Market Data
July 14, 2022

Contract activities in petrochemicals segment in Africa up 100% in Q2 2022

By Carmen

The petrochemicals segment contracts in Africa registered an increase of 100% with two contracts in Q2 2022, when compared with the previous quarter’s total of one contract, according to GlobalData’s oil and gas contracts database.

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



Contract award activity in Africa’s petrochemicals segment during Q2 2022

Looking at the total oil and gas contracts by country in the petrochemicals segment of Africa, Algeria led the activity in Q2 2022 with one contract and a 50% share.

Based on five-quarter moving average of the contracts in the petrochemicals segment of Africa, Egypt held with two contracts.

Contracts by scope of work in Africa’s petrochemicals segment during Q2 2022

During the quarter, the majority of petrochemicals segment contracts awarded in the Africa were in the construction and design & engineering with one contract each, followed by operations & maintenance 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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