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September 29, 2021updated 05 Oct 2021 3:26pm

Contract activities in upstream segment in Africa up 58% in August 2021

By Carmen

The upstream segment contracts in Africa registered an increase of 58% with 19 contracts in August 2021, when compared with the previous month’s total of 12 contracts, according to GlobalData’s oil and gas contracts database.

A total of 19 contracts were registered in the upstream segment of Africa during the month, when compared with the last 12-month moving average of 18 contracts.

 

In terms of the number of contracts in Africa, the upstream segment contributed the most with 19 contracts in August 2021, followed by midstream and downstream segments with six and four contracts, respectively.

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Contract award activity in Africa’s upstream segment during August 2021

In August 2021, Angola led the activity with three contracts and a 16% share of the upstream oil and gas contracts in Africa. It saw an increase of 200% over the previous month’s total of one contract and a decrease of 25% when compared with the last 12 month-average of four contracts in Angola.

Based on 12-month moving average of the contracts in the upstream segment of Africa, Angola took the top spot with four contracts, followed by Nigeria and Egypt with three and two contracts, respectively.

Contracts by scope of work in Africa’s upstream segment during August 2021

During the month, the majority of upstream segment contracts awarded in the Africa were in the operations & maintenance with 16 contracts, followed by design & engineering with five 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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