The upstream segment contracts in Africa registered a decrease of 10% with 18 contracts in September 2022, when compared with the previous month’s total of 20 contracts, according to GlobalData’s oil and gas contracts database.
A total of 18 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 18 contracts in September 2022, followed by midstream and petrochemicals segments with two and one contract, respectively.
Contract award activity in Africa’s upstream segment during September 2022
In September 2022, Angola, Cote d’Ivoire and Gabon led the activity with two contracts and an 11% share each of the upstream oil and gas contracts in Africa. It saw a decrease of 50% over the previous month’s total of four contracts and a flat growth when compared with the last 12 month-average of two contracts in Angola.
Based on 12-month moving average of the contracts in the upstream segment of Africa, Angola and Nigeria took the top spot with two contracts each, followed by Cote d’Ivoire with one contract.
Contracts by scope of work in Africa’s upstream segment during September 2022
During the month, the majority of upstream segment contracts awarded in the Africa were in the operations & maintenance with 12 contracts, followed by procurement and design & engineering with seven and six 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.