The upstream segment contracts in Africa registered a decrease of 14% with 44 contracts in Q2 2022, when compared with the previous quarter’s total of 51 contracts, according to GlobalData’s oil and gas contracts database.
A total of 44 contracts were registered in the upstream segment of Africa during the quarter, when compared with the last four-quarter moving average of 58 contracts.
In terms of the number of contracts in Africa, the upstream segment contributed the most with 44 contracts in Q2 2022, followed by midstream and downstream segments with seven and six contracts, respectively.
Contract award activity in Africa’s upstream segment during Q2 2022
Looking at the total oil and gas contracts by country in the upstream segment of Africa, Egypt and Mauritania led the activity in Q2 2022 with five contracts and an 11% share each. It saw an increase of 25% over the previous quarter’s total of four contracts and a decrease of 17% when compared with the last four-quarter-average of six contracts in Egypt, followed by Angola with four contracts and a 9% share, followed by Angola with four contracts and a 9% share.
Based on five-quarter moving average of the contracts in the upstream segment of Africa, Angola and Nigeria took the top spot with seven contracts each, followed by Egypt with five contracts.
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Contracts by scope of work in Africa’s upstream segment during Q2 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 18 and 10 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.