Aiming consistent flow of investments upto US$50bn, the National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) unveiled an ambitious five-year licensing strategy inviting both domestic and international investors, starting November 2024
With six onshore blocks currently in offer, the deadline for bid submissions is 15 April, following the evaluation of bids, contracts will be officially awarded in Algiers on May 29, 2025. These blocks include M’Zaid, Ahara, Reggane II and Zerafa II, which will be offered as Production Sharing Contracts (PSCs).
ALNAFT has compiled over 102,000 line-kilometers of 2D seismic data and more than 45,000 km² of 3D seismic data. This extensive dataset offers investors a clear and comprehensive view of Algeria’s subsurface potential, aiding in the identification of promising hydrocarbon prospects.
Algeria launches ambitious licensing strategy
Algeria has six onshore blocks currently in offer. (Image source: Adobe Stock)
