The upstream segment contracts in Africa registered a decrease of 41% with 13 contracts in November 2021, when compared with the previous month’s total of 22 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 November 2021, followed by downstream and midstream segments with two and one contract, respectively.
Contract award activity in Africa’s upstream segment during November 2021
In November 2021, Egypt led the activity with four contracts and a 31% share of the upstream oil and gas contracts in Africa. It saw an increase of 300% over the previous month’s total of one contract and an increase of 100% when compared with the last 12 month-average of two contracts in Egypt.
In second place was Nigeria with three contracts and a 23% share, followed by Cameroon with one contract and an 8% share.
Based on 12-month moving average of the contracts in the upstream segment of Africa, Angola took the top spot with four contracts, followed by Nigeria and Egypt with three and two contracts, respectively.
Contracts by scope of work in Africa’s upstream segment during November 2021
During the month, the majority of upstream segment contracts awarded in the Africa were in the operations & maintenance with eight contracts, followed by design & engineering and procurement with four and two contracts, respectively.
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.