Algeria has launched its 2026 oil and gas licensing round, offering seven exploration blocks to attract foreign investment and increase national energy output.
The initiative, unveiled in Algiers, drew international energy firms eager to assess opportunities in one of Africa’s most resource-rich hydrocarbon landscapes.
Officials said the blocks span Ouargla, Illizi, Touggourt and El Bayadh, regions believed to hold vast oil reserves and substantial natural gas deposits.
Estimates suggest the sites may contain hundreds of millions of barrels, positioning the bid as a significant step in Algeria’s production ambitions.
The technical bidding phase begins on June 1, opening access to tender documents alongside digital presentations detailing geological and commercial data.
Energy companies will engage in data reviews and clarification sessions through October, as Algeria seeks transparency and competitive participation in the process.
Final bids must be submitted by November 26, marking a decisive moment for investors aiming to secure a foothold in the sector.
Contracts with state-owned Sonatrach are scheduled for signing on January 31 next year under production-sharing or participation frameworks.
Authorities have framed the round as part of a broader strategy to revitalise upstream investment and maintain Algeria’s standing in global markets.
Hydrocarbons Minister Mohamed Arkab said the initiative would strengthen energy security while reinforcing the country’s role as a regional energy hub.