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  1. Market Data
April 13, 2022

Contract activities in upstream segment in Africa down 28% in March 2022

By Carmen

The upstream segment contracts in Africa registered a decrease of 28% with 13 contracts in March 2022, when compared with the previous month’s total of 18 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 20 contracts.


In terms of the number of contracts in Africa, the upstream segment contributed the most with 13 contracts in March 2022, followed by downstream and midstream segments with two contracts each.


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

In March 2022, Egypt, Nigeria and South Africa led the activity with two contracts and a 15% share each of the upstream oil and gas contracts in Africa. It saw an increase of 100% over the previous month’s total of one contract and a flat growth when compared with the last 12 month-average of two contracts in Egypt.

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 March 2022

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

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