Oil and gas contracts in Africa registered an increase of 79% in November 2022 with 25 contracts, when compared with 14 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked an increase of 9%, when compared with the last 12-month average of 23 contracts.
Contract award activity in Africa during November 2022
Looking at contracts by country, Egypt led the activity in November 2022 with four contracts representing a 16% share of all the oil and gas contracts, followed by Angola and Nigeria with three contracts and a 12% share each. It saw an increase of 300% over the previous month’s total of one contract and an increase of 33% when compared with the last 12 month-average three contracts in Egypt.
Based on 12-month moving average, Egypt and Nigeria took the top spot with three contracts each, followed by Angola with two contracts.
Africa’s oil and gas contracts by segment in November 2022
Looking at oil and gas contracts by segment in Africa, upstream segment contributed the most in terms of the contracts awarded, with 19 contracts in November 2022, followed by midstream and petrochemicals with four and two contracts, respectively.
Contracts by scope of work in Africa during November 2022
During November 2022, the majority of the contracts awarded were in the operations & maintenance space with 18 contracts, followed by design & engineering and procurement with nine and five 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.
