The U.S. Energy Information Administration estimates that Algeria, an OPEC member country, has about 100 undeveloped discoveries. (Source: Shutterstock)
Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) is launching a program to revitalize its upstream hydrocarbon sector.
Last year, the agency unveiled six new onshore licensing opportunities for conventional oil and gas exploration. It’s part of a five-year licensing plan designed to attract global investors, according to a note from the Holland & Knight law firm, which has assisted several companies in previous calls for tenders.
ALNAFT has extended bid submissions to July.
The U.S. Energy Information Administration estimates that Algeria, an OPEC member country, has about 100 undeveloped discoveries, and two-thirds of the nation’s territory remains underexplored or underdeveloped. Recent licensing rounds are expected to unlock about 20 Bcm of gas production each year during the next five- to 10 years. And, Algeria may have much as 121 Bbbl of shale oil, the firm said.
The country holds about 12.2 Bbbl of proven crude oil reserves and an estimated 159 Tcf of proven natural gas reserves.
Sonatrach is currently the largest oil and gas producer in the African nation.
Algerian leadership recognized that global demand for energy is rising and that technological advances will make it easier to tap into reserves once thought inaccessible. Moreover, the government is “committed to attracting foreign investment,” according to Holland & Knight.
Recommended Reading
What’s Next for the US as an Apex Hydrocarbon Producer?
2025-05-07 - Expect more company integration and more investor attention to data centers and LNG terminals in the U.S. hydrocarbon space, says East Daley Analytics.
US Energy Imports Fall to Lowest Level in 40 Years—EIA
2025-07-08 - Energy imports contributed to 17% of the U.S. energy supply in 2024, the lowest share since 1985, according to the U.S. Energy Information Administration.
Diamondback: Permian Gas Next Target but Pipe, Prices Needed
2025-06-23 - The Permian Basin has a lot of untapped gassier rock that could be part of a “huge investment” in natural gas, said Michael Sollee, Diamondback Energy’s director of infrastructure, at the IPAA annual meeting.
Fitch Ratings Says Global Oil, Gas Sector Outlook is ‘Deteriorating’
2025-06-11 - Fitch Ratings changed its outlook on the global oil and gas sector from neutral to deteriorating, citing U.S. tariff policy and production increases for the revised forecast.
What's Affecting Oil Prices This Week? (May 12, 2025)
2025-05-12 - U.S. officials said on May 11 that a deal had been made to reduce the U.S. trade deficit with China. While all the details may not be established, oil prices will get another boost from this “deal”.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.