Algeria’s Nationwide Company for the Valorization of Hydrocarbon Assets (ALNAFT) introduced six onshore typical licensing alternatives at African Power Week: Spend money on African Energies on Thursday.
The six high-potential alternatives include a mixture of exploration, growth and export alternatives and are open to aggressive bidding. The spherical is a part of a five-year licensing plan designed to draw world upstream buyers and leverage greater than 20 alternatives in Algeria.
Following the launch of the licensing spherical on October 14, entry to the tender paperwork and information packages will open on November 26. The deadline for bid submissions is April 15, 2025, adopted by the analysis and awarding of bids.
The six alternatives span a cumulative perimeter dimension of 152,000 km², supported by over 102,000-line km of 2D seismic information and greater than 45,000 km² of 3D seismic information. Potential bidders can have entry to Perimeter Conditioned Knowledge Packages and Evergreened Knowledge Packages through the information entry interval, which runs from November 26, 2024, to April 1, 2025. To submit a bid, individuals should prequalify with ALNAFT and purchase the required tender paperwork.
The presentation was adopted by a Fireplace Chat that includes ALNAFT and the Hydrocarbon Regulatory Authority (ARH), which highlighted the benefits of investing in Algeria’s oil and fuel sector. Along with being probably the most established markets with sturdy geological potential, Algeria presents a pretty regulatory framework and numerous automobiles for partnerships with worldwide oil corporations (IOCs).
“We have now been working with IOCs for greater than 35 years and by no means had an issue with contract sanctity. In Algeria, a contract is a holy doc,” mentioned Mourad Beldjehem, President of ALNAFT. “We beforehand had one sort of contract for partnership, and now we have now three: production-sharing, concession and danger providers contracts.”
Algeria is searching for elevated upstream funding and capital to drive new exploration actions, whereas prioritizing broader objectives comparable to power entry, infrastructure growth and native content material.
“We’d like extra exploration. As we speak, we have now greater than 240 discoveries ready to be developed. We have to make extra discoveries to extend our reserves. We’re on the lookout for corporations who’re sturdy in exploration,” mentioned Beldjehem.
“Africa’s power priorities are important to stimulate socioeconomic growth – common entry to power, modernizing present infrastructure and native capability constructing and coaching to maintain African tasks,” mentioned Rachid Nadil, President of ARH.
Distributed by APO Group on behalf of African Power Chamber.
Supply: African Power Chamber