The National Agency for the Valorization of Hydrocarbon Resources (ALNAFT)-hosted Algeria Bid Round 2024 saw TotalEnergies win the Ahara license, alongside Qatar Energy
This was ALNAFT's first call for tender conducted under the hydrocarbon law No.19-13.
The Ahara license is vast, ranging approximately 14,900 sq km, located at the intersection of the prolific Berkine and Illizi Basins.
While both the partners will hold equal shares 24.5% each, TotalEnergies will serve as the operator during the Exploration and Appraisal phases of the license.
The national company SONATRACH will retain a majority interest of 51%, in accordance with Algerian law.
“TotalEnergies is delighted that its joint bid with QatarEnergy has led to the award of the Ahara license, allowing us to write a new chapter in our long-lasting partnership with SONATRACH in Exploration in Algeria”, said Patrick Pouyanné, chairman and CEO of TotalEnergies.
Total, QatarEnergy win Ahara license in Algeria bid round
The Ahara license is vast, ranging approximately 14,900 sq km. (Image source: Adobe Stock)
