Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) has announced six onshore conventional licensing opportunities to upstream investors.
The licensing round is part of a five-year plan to attract global upstream investors and leverage over 20 opportunities in Algeria.
The six blocks are supported by extensive seismic data, including 102,000 line km of 2D data and 45,000 km² of 3D data.
The blocks, spanning 152,000 km², offer a mix of exploration, development, and export opportunities. Four blocks – M’Zaid, Ahara, Reggane II, and Zerafa II – will be offered through production-sharing contracts. The other two blocks, Toual and Kern El-Kassa, will be offered through participation agreements.
- Advertisement -
Starting November 26, interested parties can access tender documents and data packages. Clarification sessions will close by March 1, 2025, and companies will be required to submit bids by April 15, 2025. Following a detailed evaluation, contracts will be awarded, with signing ceremonies scheduled for May 29, 2025.
The bid round will be regulated by Law 13-19, which lays out the requirements for upstream companies involved in Algeria’s hydrocarbons industry to be prequalified.
ALNAFT President Mourad Beldjehem emphasized Algeria’s commitment to attracting investment, citing the country’s established market, strong geological potential, and attractive regulatory framework. “We have been working with international oil companies for over 35 years without contract sanctity issues,” he noted.
Algeria seeks to drive new exploration activities, increase reserves, and develop local content. “We need more exploration… We are looking for companies strong in exploration,” Beldjehem added.
The Hydrocarbon Regulatory Authority (ARH) President Rachid Nadil highlighted Algeria’s energy priorities, including universal access to energy, infrastructure development, and local capacity building.
