- Date. 09/04/25
- Author. Rym Loucif
- Category. Articles
On 14 October 2024, the National Agency for the Valorisation of Hydrocarbon Resources (“Agence Nationale pour la Valorisation des Ressources en Hydrocarbures”, or “ALNAFT”) launched the Algeria Bid Round 2024 at NAPEC, North Africa’s largest oil and gas conference and exhibition.
This bid round, long anticipated, is the country’s first since 2014 and the first under the new Hydrocarbon Law No. 19-13 of 11 December 2019, which introduces a more competitive and flexible framework for investment, designed to attract investors with financial incentives and a clearer regulatory environment.
The Algeria Bid Round 2024 also marks the first phase of the Algerian Government’s five-year plan, focusing on conventional hydrocarbons in onshore perimeters, primarily in the southwestern region.
Key points:
1. The Algeria Bid Round 2024 was launched by ALNAFT on 14 October 2024 at NAPEC, marking the first bid round since 2014 and the first under Hydrocarbon Law No. 19-13, which promotes investment through a competitive and flexible framework.
2. This bid is part of the Algerian Government’s five-year plan, focusing on conventional hydrocarbons in onshore perimeters, mainly in the southwestern region.
3. ·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 made in the 1990s.
4. Opportunities are available across several perimeters, primarily under PSCs, with some offered as participation contracts.
5. Key milestones include the launch (14 October 2024), data room access (26 November 2024), bid submission (17 June 2025), and contract signing.
For more details, read the full version of the newsletter: HERE