Latest news with #AlgeriaBidRound2024
El Chorouk
21-07-2025
- Business
- El Chorouk
Hydrocarbons: 'Signing of 5 major contracts worth over $600 million USD'
On Monday, the Minister of Energy, Mines, and Renewable Energies, Mr. Mohamed Arkab, oversaw the signing ceremony of 5 hydrocarbon contracts with foreign partners, with a total investment value of no less than $606 million USD, for a period extending up to 30 years. According to a statement from the supervising ministry, these contracts are part of the results of the 'Algeria Bid Round 2024,' which is the first international competition organized under the new Hydrocarbons Law No. 19-13. This round resulted in the awarding of 5 out of six proposed blocks for contracts extending over 30 years, including 7 years dedicated to exploration work, with a minimum total investment estimated at $606 million USD. A 'participation' contract was signed between Sonatrach and the alliance of Swiss company 'Philada' and Austrian company 'ZenGas,' concerning the 'Toual 2' block (Berkine Basin) in the southern wilayas or provinces of Ouargla and Illizi. Sonatrach also signed a 'participation' contract with the Chinese company 'Sinopec,' concerning the 'Gourn El Goussa 2' block (Gourara-Timimoun Basin) in the southern provinces of Bechar, Beni Abbes, El Bayadh, and Timimoun. The third contract was in the form of 'production sharing' between Sonatrach and the alliance of the Italian consortium 'Eni' and the Thai 'PTTEP,' concerning the 'Reggane 2' block in Adrar wilaya. A 'production sharing' contract was also signed between Sonatrach and the Chinese company 'ZPEC,' concerning the 'Zarafa 2' block (Ahnet-Gourara Basin) in the wilayas of Adrar and In Salah. The fifth contract was signed in the form of production sharing between Sonatrach and the alliance of 'Qatar Energy' and 'TotalEnergies,' concerning the 'Ahara' site in southern Illizi province. The same source confirmed that these results reflect the attractiveness of the new investment climate in Algeria, supported by a modern and flexible legal framework, and a clear strategy aimed at strengthening value-added partnerships, especially in the fields of exploration and the valorization of national hydrocarbon resources. The statement indicated that through this step, Algeria reaffirms its commitment to supporting sustainable investments in the energy sector, thereby enhancing its contribution to economic development and consolidating its position as a reliable and promising destination in the field of hydrocarbons at the international level.
Qatar Tribune
18-06-2025
- Business
- Qatar Tribune
QatarEnergy wins onshore exploration licence in Algeria
Tribune News Network Doha QatarEnergy has won an onshore exploration license in the People's Democratic Republic of Algeria as part of the 'Algeria Bid Round 2024', marking its first entry into Algeria's upstream sector. The results of the competitive bid process were announced by The National Agency for the Valorization of Hydrocarbon Resources, awarding exploration and production rights for the onshore Ahara Block to a consortium comprising of QatarEnergy with an effective interest of 24.5 percent, TotalEnergies (the operator during the exploration phase) with an effective interest of 24.5 percent, and Algeria's national state-owned oil company 'Sonatrach' with an effective interest of 51percent. Commenting on this award, Minister of State for Energy Affairs, President and CEO of QatarEnergy HE Saad Sherida Al Kaabi said, 'We are delighted to be awarded the Ahara Block, which marks our first entry into Algeria's upstream sector and further and expands our footprint in Africa.' Al Kaabi added, 'I would like to take this opportunity to congratulate and thank the Algerian Ministry of Energy, Mines, and Renewable Energies and ALNAFT on the successful management of this bid round. We look forward to a successful and collaborative exploration endeavor with the Ministry alongside ALNAFT, Sonatrach, andTotalEnergies.' Located in eastern Algeria at the intersection of the prolific Berkine and Illizi Basins, the Ahara Block covers an area of approximately 14,900 km².
Qatar Tribune
18-06-2025
- Business
- Qatar Tribune
QatarEnergy wins exploration licence in Algeria
DOHA: QatarEnergy has won an onshore exploration licence in the People's Democratic Republic of Algeria as part of the 'Algeria Bid Round 2024', marking its first entry into Algeria's upstream sector. The results of the competitive bid process were announced by the National Agency for the Valorization of Hydrocarbon Resources (ALNAFT), awarding exploration and production rights for the onshore Ahara Block to a consortium comprising of QatarEnergy with an effective interest of 24.5%, TotalEnergies (the operator during the exploration phase) with an effective interest of 24.5%, and Algeria's national state-owned oil company 'Sonatrach' with an effective interest of 51%. Commenting on the award, Minister of State for Energy Affairs, President and CEO of QatarEnergy HE Saad bin Sherida Al Kaabi said, "We are delighted to be awarded the Ahara Block, which marks our first entry into Algeria's upstream sector and further expands our footprint in Africa." He added, "I would like to take this opportunity to congratulate and thank the Algerian Ministry of Energy, Mines, and Renewable Energies and ALNAFT on the successful management of this bid round. We look forward to a successful and collaborative exploration endeavor with the Ministry alongside ALNAFT, Sonatrach, and TotalEnergies." Located in eastern Algeria at the intersection of the prolific Berkine and Illizi Basins, the Ahara Block covers an area of approximately 14,900 km2.
Zawya
17-06-2025
- Business
- Zawya
Algeria announces bid openiong session for the 2024 oil and gas round
Algeria's Ministry of Energy, Mines, and Renewable Energies announced on Tuesday the bid opening session for 'Algeria Bid Round 2024,' launched by the National Agency for the Valorisation of Hydrocarbon Resources in Algeria (ALNAFT) last year. A report by local news website Echoroukonline said several global energy firms participated in the session, having previously reviewed the technical documentation through data rooms. It said the 2024 Round included six onshore exploration blocks spread across various provinces: • El Mziad El Kbir (in Ouargla, Ghardaïa, and El Menia) • Ahara (Illizi) • Reggane (Adrar) • Zraraffa (between Adrar and Ain Salah) • Tawal (between Ouargla and Illizi) • Qarn Al-Qissa (covering Béchar, Béni Abbès, El Bayadh, and Timimoun) Last month, Zawya Projects said in a report that the round attracted the interest of 41 global operators. The report said the next 2025 round is slated for launch in the fourth quarter of 2025. (Writing by Majda Muhsen; Editing by Anoop Menon) (
Business Wire
17-06-2025
- Business
- Business Wire
Algeria: TotalEnergies is Granted a New Exploration License
PARIS--(BUSINESS WIRE)-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), jointly with QatarEnergy, has been awarded the Ahara license following the 'Algeria Bid Round 2024', launched by The National Agency for the Valorization of Hydrocarbon Resources (ALNAFT), the first call for tender conducted under the hydrocarbon law No.19-13. Ahara is a large license covering an area of approximately 14,900 km², located at the intersection of the prolific Berkine and Illizi Basins. TotalEnergies will serve as the operator during the Exploration and Appraisal phases of this license with a 24.5% effective interest, the same share as QatarEnergy (24.5%). 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. *** About TotalEnergies in Algeria TotalEnergies is a long-standing player in the Algerian energy sector. Present in the country through its various subsidiaries. The Company is active in oil and gas exploration and production through its interests in the Tin Fouyé Tabankort and Timimoun gas fields, the Berkine Basin oil fields (Blocks 404a and 208) and liquefied natural gas via supply contracts with Sonatrach. In 2023, the Company produced 51 kboe/d (group share) in Algeria through its interests in the TFT II and Timimoun gas fields and in the Berkine Basin oil fields (blocks 404a and 208). Downstream, TotalEnergies Lubrifiants Algérie SPA and TotalEnergies Bitumes Algérie SPA market lubricants and bitumen. This integrated model ensures synergies between the various activities and provides a comprehensive offering based on innovation, complementarity, and value creation. TotalEnergies is committed to supporting economic development by launching new investment programs that contribute to the country's development. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. @TotalEnergies TotalEnergies TotalEnergies TotalEnergies Cautionary Note The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). TotalEnergies Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@
