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  1. Market Data
March 21, 2022

Contract activities in upstream segment in Africa up 36% in February 2022

By Carmen

The upstream segment contracts in Africa registered an increase of 36% with 15 contracts in February 2022, when compared with the previous month’s total of 11 contracts, according to GlobalData’s oil and gas contracts database.

A total of 15 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 15 contracts in February 2022, followed by midstream with five contracts.


Contract award activity in Africa’s upstream segment during February 2022

In February 2022, Uganda led the activity with five contracts and a 33% share of the upstream oil and gas contracts in Africa. It saw an increase of 400% over the previous month’s total of one contract and an increase of 400% when compared with the last 12 month-average of one contract in Uganda.

In second place was Senegal with two contracts and a 13% share, followed by Zimbabwe with one contract and a 7% share.

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

Contracts by scope of work in Africa’s upstream segment during February 2022

During the month, the majority of upstream segment contracts awarded in the Africa were in the operations & maintenance with six contracts, followed by construction and design & engineering with five contracts each.

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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