The upstream segment contracts in Africa registered a decrease of 59% with nine contracts in October 2022, when compared with the previous month’s total of 22 contracts, according to GlobalData’s oil and gas contracts database.
A total of nine 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 nine contracts in October 2022, followed by midstream and downstream segments with two and one contract, respectively.
Contract award activity in Africa’s upstream segment during October 2022
In October 2022, Nigeria led the activity with two contracts and a 22% share of the upstream oil and gas contracts in Africa. It saw a decrease of 33% over the previous month’s total of three contracts and a flat growth when compared with the last 12 month-average of two contracts in Nigeria, followed by South Sudan and Tunisia with one contract 11% share each.
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 October 2022
During the month, the majority of upstream segment contracts awarded in the Africa were in the operations & maintenance with five contracts, followed by design & engineering and procurement with three and two 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.