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  1. Market Data
January 11, 2022

Contract activities in petrochemicals segment in Africa down 63% in Q4 2021

By Carmen

The petrochemicals segment contracts in Africa registered a decrease of 63% with three contracts in Q4 2021, when compared with the previous quarter’s total of eight 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 six contracts.


In terms of the number of contracts in Africa, the upstream segment contributed the most with 51 contracts in Q4 2021, followed by midstream and petrochemicals segments with five and three contracts, respectively.


Contract award activity in Africa’s petrochemicals segment during Q4 2021

Looking at the total oil and gas contracts by country in the petrochemicals segment of Africa, Egypt led the activity in Q4 2021 with two contracts and a 67% share. It saw a decrease of 67% over the previous quarter’s total of six contracts and a decrease of 33% when compared with the last four-quarter-average of three contracts in Egypt.

In second place was South Africa with one contract and a 33% share.

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 Q4 2021

During the quarter, the majority of petrochemicals segment contracts awarded in the Africa were in the operations & maintenance with three contracts, followed by 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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