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  1. Market Data
April 13, 2022

Contract activities in upstream segment in Africa down 27% in Q1 2022

By Carmen

The upstream segment contracts in Africa registered a decrease of 27% with 43 contracts in Q1 2022, when compared with the previous quarter’s total of 59 contracts, according to GlobalData’s oil and gas contracts database.

A total of 43 contracts were registered in the upstream segment of Africa during the quarter, when compared with the last four-quarter moving average of 61 contracts.


In terms of the number of contracts in Africa, the upstream segment contributed the most with 43 contracts in Q1 2022, followed by midstream and downstream segments with 12 and two contracts, respectively.


Contract award activity in Africa’s upstream segment during Q1 2022

Looking at the total oil and gas contracts by country in the upstream segment of Africa, Uganda led the activity in Q1 2022 with seven contracts and a 16% share. It saw an increase of 600% over the previous quarter’s total of one contract and an increase of 600% when compared with the last four-quarter-average of one contract in Uganda.

In second place was Gabon with six contracts and a 14% share, followed by Nigeria with five contracts and a 12% share.

Based on five-quarter moving average of the contracts in the upstream segment of Africa, Angola took the top spot with nine contracts, followed by Egypt and Nigeria with six contracts each.

Contracts by scope of work in Africa’s upstream segment during Q1 2022

During the quarter, the majority of upstream segment contracts awarded in the Africa were in the operations & maintenance with 25 contracts, followed by design & engineering and procurement with 11 and eight 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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