Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Cardano Price Declines as Grayscale Withdraws Spot ETF Filing

    August 12, 2026

    Binance Coin Jumps on BEP-675 Network Upgrade Catalyst

    August 12, 2026

    Fidelity Bank Climbs Ahead of Q2 Earnings Scorecard

    August 12, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Cardano Price Declines as Grayscale Withdraws Spot ETF Filing
    • Binance Coin Jumps on BEP-675 Network Upgrade Catalyst
    • Fidelity Bank Climbs Ahead of Q2 Earnings Scorecard
    • MTN Nigeria Declines as Investors Take Profits in Telco Stock
    • Excess Liquidity in Banking System Rises 57% to N6.8trn
    • CBN to Auction Nigerian Treasury Bills, Targets N700 Billion
    • Nigerian Naira Tumbles as Interbank FX Turnover, Deals Crash
    • Equities Market Loses N1.2trn as Investors Sell MTNN, FirstHoldCo Stock
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, August 12
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Inside Africa » Algeria Unveils Six Onshore Blocks to Upstream Investors

    Algeria Unveils Six Onshore Blocks to Upstream Investors

    Julius AlagbeBy Julius AlagbeNovember 10, 2024Updated:November 10, 2024 Inside Africa No Comments3 Mins Read
    Algeria Unveils Six Onshore Blocks to Upstream Investors
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Algeria Unveils Six Onshore Blocks to Upstream Investors

    Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) presented six onshore conventional licensing opportunities at African Energy Week: Invest in African Energies.

    The six high-potential opportunities consist of a mix of exploration, development and export opportunities and are open to competitive bidding. The round is part of a five-year licensing plan designed to attract global upstream investors and leverage more than 20 opportunities in Algeria.

    Following the launch of the licensing round on October 14, access to the tender documents and data packages will open on November 26. The deadline for bid submissions is April 15, 2025, followed by the evaluation and awarding of bids.

    The six opportunities span a cumulative perimeter size of 152,000 km², supported by over 102,000-line km of 2D seismic data and more than 45,000 km² of 3D seismic data.

    Potential bidders will have access to Perimeter Conditioned Data Packages and Evergreened Data Packages during the data access period, which runs from November 26, 2024, to April 1, 2025. To submit a bid, participants must prequalify with ALNAFT and acquire the necessary tender documents.

    The presentation was followed by a Fireside Chat featuring ALNAFT and the Hydrocarbon Regulatory Authority (ARH), which highlighted the advantages of investing in Algeria’s oil and gas sector.

    In addition to being one of the most established markets with strong geological potential, Algeria offers an attractive regulatory framework and various vehicles for partnerships with international oil companies (IOCs).

    “We have been working with IOCs for more than 35 years and never had a problem with contract sanctity. In Algeria, a contract is a holy document,” said Mourad Beldjehem, President of ALNAFT. “We previously had one type of contract for partnership, and now we have three: production-sharing, concession and risk services contracts.”

    Algeria is seeking increased upstream investment and capital to drive new exploration activities, while prioritizing broader goals such as energy access, infrastructure development and local content.

    “We need more exploration. Today, we have more than 240 discoveries waiting to be developed. We need to make more discoveries to increase our reserves. We are looking for companies who are strong in exploration,” said Beldjehem.

    “Africa’s energy priorities are essential to stimulate socioeconomic development – universal access to energy, modernizing existing infrastructure and local capacity building and training to sustain African projects,” said Rachid Nadil, President of ARH. #Algeria Unveils Six Onshore Blocks to Upstream Investors Ghana to Import Petroleum from Dangote Refinery – Official

    Algeria OIL BLOCK
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Keep Reading

    South African Rand Momentum Slows Ahead of Economic Data

    Gabon’s Revised 2026 Budget Leaves Deficit High, Financing Uncertain -Fitch

    Fitch Affirms Uganda at ‘B’, Ratings Constrained by Weak GDP, Rising Debt

    South African Banks’ Strong Franchises, Diversification Underpin Resilient Financials

    Africa May Face Strongest El Nino in Decades, AU Experts Warn

    WHO Reports Largest Ebola Outbreak in DR Congo

    Add A Comment

    Comments are closed.

    Editors Picks

    Cardano Price Declines as Grayscale Withdraws Spot ETF Filing

    August 12, 2026

    Binance Coin Jumps on BEP-675 Network Upgrade Catalyst

    August 12, 2026

    Fidelity Bank Climbs Ahead of Q2 Earnings Scorecard

    August 12, 2026

    MTN Nigeria Declines as Investors Take Profits in Telco Stock

    August 12, 2026

    Excess Liquidity in Banking System Rises 57% to N6.8trn

    August 12, 2026
    Latest Posts

    South African Rand Momentum Slows Ahead of Economic Data

    August 11, 2026

    Gabon’s Revised 2026 Budget Leaves Deficit High, Financing Uncertain -Fitch

    August 10, 2026

    Fitch Affirms Uganda at ‘B’, Ratings Constrained by Weak GDP, Rising Debt

    August 9, 2026

    South African Banks’ Strong Franchises, Diversification Underpin Resilient Financials

    August 9, 2026

    Africa May Face Strongest El Nino in Decades, AU Experts Warn

    August 2, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.