Algeria, a gas-rich member of OPEC, launched its 2026 oil and gas licensing round on Sunday. The government is offering seven exploration blocks to increase output and attract foreign investment.
Officials introduced the bidding round, called “Algeria Bid Round 2026,” during a ceremony in Algiers attended by representatives from international energy companies.
The government is offering blocks in Ouargla, Illizi, Touggourt and El Bayadh. These areas include both oil and gas prospects, which officials estimate hold hundreds of millions of barrels of oil and large volumes of natural gas.
The technical phase of the process will start on June 1, when companies can access tender documents and online presentations. Data sessions and clarification rounds will continue until October 31.
Companies must submit their bids by November 26. Successful bidders will sign hydrocarbon contracts with state-owned Sonatrach on January 31 next year under either production-sharing or participation agreements, depending on the block.
Algeria is strengthening its upstream sector to maintain its position in global energy markets.
Hydrocarbons Minister Mohamed Arkab said the bidding round will support global energy security and strengthen Algeria’s role as a regional energy hub.
source:www.reuters.com
African Energy Council