The upstream segment contracts in Africa registered a decrease of 33% with 12 contracts in May 2022, when compared with the previous month’s total of 18 contracts, according to GlobalData’s oil and gas contracts database.
A total of 12 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 12 contracts in May 2022, followed by midstream and petrochemicals segments with four and one contract, respectively.
Contract award activity in Africa’s upstream segment during May 2022
In May 2022, Mauritania led the activity with three contracts and a 25% share of the upstream oil and gas contracts in Africa. It saw an increase of 300% over the previous month’s no contracts and an increase of 200% when compared with the last 12 month-average of one contract in Mauritania.
In second place was Angola with two contracts and a 17% share, followed by Congo Republic 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 May 2022
During the month, the majority of upstream segment contracts awarded in the Africa were in the design & engineering and operations & maintenance with seven contracts each, followed by procurement with three contracts.
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.