The petrochemicals segment contracts in Africa registered an increase of 50% with three contracts in Q3 2022, when compared with the previous quarter’s total of two contracts, according to GlobalData’s oil and gas contracts database.
A total of three contracts were registered in the petrochemicals segment of Africa during the quarter, when compared with the last four-quarter moving average of four contracts.
In terms of the number of contracts in Africa, the upstream segment contributed the most with 52 contracts in Q3 2022, followed by midstream and petrochemicals segments with five and three contracts, respectively.
Contract award activity in Africa’s petrochemicals segment during Q3 2022
Looking at the total oil and gas contracts by country in the petrochemicals segment of Africa, Egypt and Nigeria led the activity in Q3 2022 with one contract and a 33% share each. It saw an increase of 100% over the previous quarter’s no contracts and a decrease of 50% when compared with the last four-quarter-average of two contracts in Egypt.
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 Q3 2022
During the quarter, the majority of petrochemicals segment contracts awarded in the Africa were in the design & engineering and installation with one contract each, followed by procurement with one contract.
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.