The upstream segment contracts in Africa registered a decrease of 7% with 13 contracts in July 2022, when compared with the previous month’s total of 14 contracts, according to GlobalData’s oil and gas contracts database.
A total of 13 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 13 contracts in July 2022, followed by midstream and petrochemicals segments with one contract each.
Contract award activity in Africa’s upstream segment during July 2022
In July 2022, Angola led the activity with five contracts and a 38% 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 150% when compared with the last 12 month-average of two contracts in Angola.
In second place was Egypt with two contracts and a 15% share, followed by Gabon with one contract and an 8% 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 July 2022
During the month, the majority of upstream segment contracts awarded in the Africa were in the operations & maintenance with six contracts, followed by procurement and design & engineering with four and two contracts, 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.