Qatar Energy has won a license for exploration and exploration in the People’s Democratic Republic of Algeria, as part of the 2024 tenders round for oil and gas exploration licenses, which represents the first entry of Qatar Energy in the exploration and exploration sector in Algeria.
The National Agency for the Valuation of Fuel Resources “oil” has announced the results of the competitive tender, as exploration and production rights in the wild region “Ahara” in eastern Algeria were granted to an alliance of Qatar Energy with an actual share of 24.5 %, and Total Enem (operator during the exploration phase) with an actual share of 24.5 %, and the Algerian government oil and gas company “Sonatrach” with a share Actual 51 %.
“We are very happy to give us exploration and production rights in the Ahara region, which represents our first presence in the exploration sector in sister Algeria, and expands our presence in North Africa,” said His Excellency Eng. Saad bin Sharida Al -Kaabi, Minister of State for Energy Affairs, Managing Director and CEO of Qatar Energy.
His Excellency Minister Al -Kaabi added: “I would like to take this opportunity to congratulate and thank the Ministry of Energy, Mines, and Renewable Renewable Energies, and the National Agency for the Valuation of Fuel Resources on the successful management of this tenders. We look forward to cooperating with the ministry, “oil”, Sonatrach, and our partner Total Enem, to make this important exploratory endeavor. ”
The Athar region is located in eastern Algeria at the intersection of Berkin and Elizi basins known as abundant production, and covers an area of about 14,900 square kilometers.
Qatar Energy is an integrated energy company committed to sustainable development of clean power resources as part of the transformation of energy in the State of Qatar and abroad. An integrated partner in the transformation of energy around the world. Its activities cover various stages of the oil and gas industry,
