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  1. Market Data
February 11, 2022

Contract activities in upstream segment in Africa down 41% in January 2022

By Carmen

The upstream segment contracts in Africa registered a decrease of 41% with 10 contracts in January 2022, when compared with the previous month’s total of 17 contracts, according to GlobalData’s oil and gas contracts database.

A total of 10 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 10 contracts in January 2022, followed by midstream with three contracts.


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

In January 2022, Nigeria led the activity with two contracts and a 20% share of the upstream oil and gas contracts in Africa. It saw an increase of 200% over the previous month’s no contracts and a flat growth when compared with the last 12 month-average of two contracts in Nigeria, followed by Senegal and South Sudan with one contract 10% share each.

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 January 2022

During the month, the majority of upstream segment contracts awarded in the Africa were in the operations & maintenance with eight contracts, followed by procurement and design & engineering with one contract 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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