- Expanding its upstream footprint in north Africa

QatarEnergy has won an onshore exploration license in the People’s Democratic Republic of Algeria as part of the “Algeria Bid Round 2024”, marking its first entry into Algeria’s upstream sector.

The results of the competitive bid process were announced by The National Agency for the Valorization of Hydrocarbon Resources ("ALNAFT"), awarding exploration and production rights for the onshore Ahara Block to a consortium comprising of QatarEnergy with an effective interest of 24.5%, TotalEnergies (the operator during the exploration phase) with an effective interest of 24.5%, and Algeria’s national state-owned oil company “Sonatrach” with an effective interest of 51%.

Commenting on this award, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, President and CEO of QatarEnergy, said: “We are delighted to be awarded the Ahara Block, which marks our first entry into Algeria’s upstream sector and further and expands our footprint in Africa.”

H.E. Minister Al-Kaabi added: “I would like to take this opportunity to congratulate and thank the Algerian Ministry of Energy, Mines, and Renewable Energies and ALNAFT on the successful management of this bid round. We look forward to a successful and collaborative exploration endeavor with the Ministry alongside ALNAFT, Sonatrach, and TotalEnergies.”

Located in eastern Algeria at the intersection of the prolific Berkine and Illizi Basins, the Ahara Block covers an area of approximately 14,900 km².

About QatarEnergy

As a fully integrated energy corporation, QatarEnergy covers the full spectrum of the oil and gas value chain – from exploration to production, from processing and refining to sales and delivery.
As stewards of Qatar's natural resources and the world's largest provider of LNG, our strength rests in our ready access to Qatar's unique reserves to provide energy that fuels social and economic prosperity.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.