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  1. Market Data
July 14, 2022

Contract activities in upstream segment in Africa up 17% in June 2022

By Carmen

The upstream segment contracts in Africa registered an increase of 17% with 14 contracts in June 2022, when compared with the previous month’s total of 12 contracts, according to GlobalData’s oil and gas contracts database.

A total of 14 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 14 contracts in June 2022, followed by downstream with five contracts.


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

In June 2022, Mauritania, Nigeria and Senegal led the activity with two contracts and a 14% share each of the upstream oil and gas contracts in Africa. It saw a decrease of 33% over the previous month’s total of three contracts and an increase of 100% when compared with the last 12 month-average of one contract in Mauritania.

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 June 2022

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

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