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November 14, 2024 | 2 months ago

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Oil: Algeria unveils six onshore blocks to investors

Oil: Algeria unveils six onshore blocks to investors.

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Algeria has launched a licensing round for six promising exploration, development and export opportunities in the energy sector. These projects are part of a five-year plan to attract international investors and exploit more than 20 opportunities in the country.

Bidding documents and access to data will be available from 26 November 2024. The deadline for bid submission is April 15, 2025, followed by evaluation and award. The six areas concerned, totalling 152,000 km², are provided with detailed seismic data (102,000 km of 2D and 45,000 km² of 3D).

Bidders will have access to this data between 26 November 2024 and 1 April 2025, upon prequalification with ALNAFT. This initiative aims to enhance Algeria’s energy sector's appeal to global investors.

November 14, 2024 | algeria-logo

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