Algeria’s National Agency for the Valorisation of Hydrocarbon Resources (ALNAFT) has launched the ‘Algeria Bid Round 2024,’ an international tender for upstream oil and gas projects, as reported by local media.
ALNAFT Chairman Mourad Belghem made the announcement during the opening ceremony of the 12th edition of the Africa and Mediterranean Basin Energy and Hydrogen Conference and Exhibition (NAPEC 2024) in Oran.
The tender, the first in a series of bidding rounds scheduled over a five-year period, will offer exploration and production opportunities in six sites namely M’Zaid, Ahara, Reggane 2, Zarafa 2, Toual, and Kern El-Kassa.
Algeria Bid Round 2024 will be governed by a new hydrocarbons law aimed at attracting investments and foreign partners for developing the hydrocarbons sector.
ALNAFT, under Law 13-19 issued on December 11, 2019, sets the criteria and guidelines for prequalifying investors and upstream operators in Algeria’s hydrocarbons sector.
