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January 11, 2022

Contract activities in upstream segment in Africa up 23% in December 2021

By Carmen

The upstream segment contracts in Africa registered an increase of 23% with 16 contracts in December 2021, when compared with the previous month’s total of 13 contracts, according to GlobalData’s oil and gas contracts database.

A total of 16 contracts were registered in the upstream segment of Africa during the month, when compared with the last 12-month moving average of 20 contracts.


In terms of the number of contracts in Africa, the upstream segment contributed the most with 16 contracts in December 2021, followed by midstream and petrochemicals segments with two contracts each.


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

In December 2021, Angola led the activity with three contracts and a 19% share of the upstream oil and gas contracts in Africa. It saw an increase of 300% over the previous month’s no contracts and a decrease of 25% when compared with the last 12 month-average of four contracts in Angola.

In second place was Gabon with two contracts and a 13% share, followed by Mauritania with one contract and a 6% share.

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 Egypt and Nigeria with two contracts each.

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

During the month, the majority of upstream segment contracts awarded in the Africa were in the operations & maintenance with nine contracts, followed by procurement and asset retirement with six and one contract, respectively.

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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