The upstream segment contracts in Africa registered an increase of 31% with 17 contracts in August 2022, when compared with the previous month’s total of 13 contracts, according to GlobalData’s oil and gas contracts database.
A total of 17 contracts were registered in the upstream segment of Africa during the month, when compared with the last 12-month moving average of 19 contracts.
In terms of the number of contracts in Africa, the upstream segment contributed the most with 17 contracts in August 2022, followed by downstream and midstream segments with one contract each.
Contract award activity in Africa’s upstream segment during August 2022
In August 2022, Angola and Senegal led the activity with three contracts and an 18% share each of the upstream oil and gas contracts in Africa. It saw a decrease of 40% over the previous month’s total of five contracts and an increase of 50% when compared with the last 12 month-average of two contracts in Angola, followed by Algeria with one contract and a 6% share, followed by Algeria with one contract and a 6% share.
Based on 12-month moving average of the contracts in the upstream segment of Africa, Angola, Egypt and Nigeria took the top spot with two contracts each.
Contracts by scope of work in Africa’s upstream segment during August 2022
During the month, the majority of upstream segment contracts awarded in the Africa were in the procurement with 11 contracts, followed by operations & maintenance and design & engineering with five and three contracts, respectively.
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.