The upstream segment contracts in Africa registered a decrease of 9% with 21 contracts in October 2021, when compared with the previous month’s total of 23 contracts, according to GlobalData’s oil and gas contracts database.
A total of 21 contracts were registered in the upstream segment of Africa during the month, when compared with the last 12-month moving average of 19 contracts.
In terms of the number of contracts in Africa, the upstream segment contributed the most with 21 contracts in October 2021.
Contract award activity in Africa’s upstream segment during October 2021
In October 2021, Angola led the activity with four contracts and a 19% 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 a flat growth when compared with the last 12 month-average of four contracts in Angola.
In second place was Gabon with two contracts and a 10% share, followed by Kenya with one contract and a 5% 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 Egypt and Nigeria with two contracts each.
Contracts by scope of work in Africa’s upstream segment during October 2021
During the month, the majority of upstream segment contracts awarded in the Africa were in the design & engineering and operations & maintenance with 10 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.