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Oil and gas contracts in Africa down 25% in July 2022

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Oil and gas contracts in Africa were down 25 percent in July 2022 with 15 contracts, compared to 20 contracts the previous month, according to GlobalData's oil and gas contracts database.

The activity marked a decrease of 40%, compared to the average of the last 12 months of 25 contracts.

Oil and gas contracts in Africa down 25% in July 2022

En ce qui concerne les contrats par pays, l’Angola était en tête de l’activité en juillet 2022 avec six contrats représentant une part de 40 % de tous les contrats pétroliers et gaziers, suivi de l’Égypte avec deux contrats et une part de 13 % et du Gabon avec un contrat et une part de 7 % . Il a enregistré une augmentation de 500 % par rapport au total d’un contrat du mois précédent et une augmentation de 200 % par rapport à la moyenne des deux derniers contrats en Angola sur les 12 derniers mois.

On a 12-month rolling average basis, Angola, Egypt, and Nigeria took the top spot with three contracts each.

Oil and gas contracts in Africa down 25% in July 2022

In terms of oil and gas contracts by segment in Africa, the upstream segment has contributed the most in terms of contracts awarded, with 13 contracts in July 2022, followed by the midstream sector with one contract.

As of July 2022, the majority of contracts awarded were for operations and maintenance with seven contracts, followed by procurement and design and engineering with five and two contracts, respectively.

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