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  1. Market Data
January 11, 2022

Contract activities in upstream segment in Africa down 14% in Q4 2021

By Carmen

The upstream segment contracts in Africa registered a decrease of 14% with 51 contracts in Q4 2021, when compared with the previous quarter’s total of 59 contracts, according to GlobalData’s oil and gas contracts database.

A total of 51 contracts were registered in the upstream segment of Africa during the quarter, when compared with the last four-quarter moving average of 59 contracts.


In terms of the number of contracts in Africa, the upstream segment contributed the most with 51 contracts in Q4 2021, followed by midstream and petrochemicals segments with five and three contracts, respectively.


Contract award activity in Africa’s upstream segment during Q4 2021

Looking at the total oil and gas contracts by country in the upstream segment of Africa, Angola led the activity in Q4 2021 with seven contracts and a 14% share. It saw a flat growth over the previous quarter’s total of seven contracts and a decrease of 42% when compared with the last four-quarter-average of 12 contracts in Angola, followed by Egypt and Gabon with five contracts 10% share each.

Based on five-quarter moving average of the contracts in the upstream segment of Africa, Angola took the top spot with 11 contracts, followed by Nigeria and Egypt with seven and six contracts, respectively.

Contracts by scope of work in Africa’s upstream segment during Q4 2021

During the quarter, the majority of upstream segment contracts awarded in the Africa were in the operations & maintenance with 28 contracts, followed by design & engineering and procurement with 15 and 11 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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