Possibility of launching offshore hydrocarbon exploration projects in 2025 or 2026

Possibility of launching offshore hydrocarbon exploration projects in 2025 or 2026

2024-10-15 19:07:00

ORAN – The head of the Steering Committee of the National Agency for the Valorization of Hydrocarbon Resources (ALNAFT), Mourad Beldjeham, announced, Tuesday in Oran, the possibility of announcing offshore hydrocarbon exploration projects (offshore) on the Algerian coast, as part of calls for tenders which will be announced in 2025 or 2026.

Mr. Beldjeham said during a press conference during the second day of the 12th edition of the “Africa & Mediterranean Energy & Hydrogen Exhibition and Conference (NAPEC 2024)”, organized at the “Mohamed Benahmed” Convention Center. ” in Oran, of the existence of preparatory studies for the exploration of hydrocarbons at sea, off the Algerian coast, which resulted in preliminary evidence of the presence of oil, which allows the announcement of hydrocarbon projects exploration and drilling during the year 2025 or 2026.

The same official welcomed the importance of the reforms noted in the hydrocarbons law, which includes important incentives, particularly on the tax aspect for international investors, bringing them to Algeria, and this is what was noted during ongoing negotiations with the Sonatrach group for drilling and exploration, knowing that Swedish, American and Saudi companies are participating, for the first time, in negotiations with this group.

He added that the National Agency for the Development of Hydrocarbon Resources ALNAFT is in permanent contact with representatives of large international companies interested in investing in the energy sector in Algeria, during the development of projects included in the call for proposals. offers announced yesterday Monday in Oran, and even on the day of the announcement of the call for tenders by the companies participating in “NAPEC 2024”, who expressed their interest in participating in the call for tenders.

Mr. Beldjeham stressed that the “ALNAFT” agency has prepared 17 hydrocarbon exploration projects, six of which were included in the international call for tenders announced yesterday, and the rest will be included in future calls for tenders. offers, knowing that it was decided to launch one call for tenders per year and this is part of the five-year strategy developed by ALNAFT in this area.

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