On 14 October 2024, the National Agency for the Valorisation of Hydrocarbon Resources (ALNAFT) officially launched the long-anticipated Algeria Bid Round 2024 during the NAPEC, North Africa’s largest oil and gas conference and exhibition.
This marks Algeria’s first bid round since 2014 and the first under the Hydrocarbon Law No. 19-13 of 11 December 2019, which aims to create a more competitive and flexible investment framework.
Key points to note:
- The Algeria Bid Round 2024 is part of the Algerian Government’s five-year plan, focusing on conventional hydrocarbons in onshore perimeters, mainly in the southwestern region.
- Hydrocarbon Law No. 19-13 introduces new contract options – participation, production sharing (PSC), and risk service contracts – reintroducing the PSC model previously successful in the major discoveries during the 1990s.
- Opportunities are available across several perimeters, primarily under PSCs, with some offered as participation contracts.
- Key milestones include the launch (14 October 2024), data room access (26 November 2024), bid submission (17 June 2025), and contract signing.
For more detailed information, kindly refer to the full version of our client alert :
- English version: https://loucif.law/en/oil-gas-algeria-bid-round-2024/
- French version : https://loucif.law/oil-gas-appel-doffres-algeria-bid-round-2024/
Should you have any inquiries or require further clarification, please contact Rym Loucif, Partner at Loucif +Co, the LEX Africa member for Algeria, on rloucif@loucif-law.com or visit www.loucif-law.co
