The upstream segment contracts in Africa registered an increase of 73% with 19 contracts in November 2022, when compared with the previous month’s total of 11 contracts, according to GlobalData’s oil and gas contracts database.
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A total of 19 contracts were registered in the upstream segment of Africa during the month, when compared with the last 12-month moving average of 18 contracts.
In terms of the number of contracts in Africa, the upstream segment contributed the most with 19 contracts in November 2022, followed by midstream and petrochemicals segments with four and two contracts, respectively.
Contract award activity in Africa’s upstream segment during November 2022
In November 2022, Angola led the activity with three contracts and a 16% 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 50% when compared with the last 12 month-average of two contracts in Angola, followed by Congo Republic and Egypt with two contracts 11% share each.
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By GlobalDataBased on 12-month moving average of the contracts in the upstream segment of Africa, Angola and Nigeria took the top spot with two contracts each, followed by Cote d’Ivoire with one contract.
Contracts by scope of work in Africa’s upstream segment during November 2022
During the month, the majority of upstream segment contracts awarded in the Africa were in the operations & maintenance with 15 contracts, followed by design & engineering and procurement with five and three 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.
