The upstream segment contracts in Africa registered an increase of 16% with 52 contracts in Q3 2022, when compared with the previous quarter’s total of 45 contracts, according to GlobalData’s oil and gas contracts database.
A total of 52 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 52 contracts in Q3 2022, followed by midstream and petrochemicals segments with five and three contracts, respectively.
Contract award activity in Africa’s upstream segment during Q3 2022
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Looking at the total oil and gas contracts by country in the upstream segment of Africa, Angola led the activity in Q3 2022 with 11 contracts and a 21% share. It saw an increase of 175% over the previous quarter’s total of four contracts and an increase of 57% when compared with the last four-quarter-average of seven contracts in Angola.
In second place was Nigeria with five contracts and a 10% share, followed by Senegal with four contracts and an 8% 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.
Contracts by scope of work in Africa’s upstream segment during Q3 2022
During the quarter, the majority of upstream segment contracts awarded in the Africa were in the operations & maintenance with 25 contracts, followed by procurement and design & engineering with 22 and 12 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.