Mourad Beldjehem, President of Algeria’s state-owned petroleum agency ALNAFT, will launch the Algeria Bid Round 2024 on Thursday, November 7, at 11 am during Africa Energy Week: Invest in African Energies (AEW) in Cape Town.

The new bid round will offer six onshore blocks. Four blocks –Grand M’Zaid, Ahara, Zerafa II and Reggane II—will be available through Production Sharing Contracts, while the remaining two blocks, Toual and Guern Al Guessa, will be open through participation agreements.

ALNAFT has laid out a clear roadmap for the bid round process. Access to tender documents and data rooms will open on November 26, 2024, in Algiers. Clarification sessions will close by March 1, 2025 and companies will be required to submit bids by April 15, 2025, also in Algiers. Following a detailed evaluation, contracts will be awarded, with signing ceremonies scheduled for May 29, 2025, in the capital.