Exploration & Production

Algeria offers prospecting licences to IOCs

Algeria's oil and gas licensing agency will commission two studies to assess prospectivity in the north and south of the country, which it hopes will de-risk the acreage and convince IOCs to invest Algeria's oil and gas licensing agency will commission two studies to assess prospectivity in the north and south of the country, which it hopes will de-risk the acreage and convince IOCs to invest.
By Verity Ratcliffe 31 March 2017 0 25300
Algeria's licences. (Interfax/Sonatrach)

Algeria is trying to boost exploration activity. Oil and gas licensing agency Alnaft will commission two studies to assess prospectivity in the north and south of the country, which it hopes will de-risk the acreage and convince IOCs to invest. IOCs have been invited to apply for ‘prospecting licences’ – a new type of contract for Algeria – and Alnaft is preparing for an exploration licensing round. 

However, the process may be held up by changes at the top of Alnaft. Algeria’s energy minister dismissed the...