INTERVIEW: Algeria eyes bilateral talks, bid rounds to revive output levels

S&P Global Platts | May 22, 2020 at 5:55 PM
  • Algeria hopes to win more international interest in its upstream through both bilateral talks and future licensing rounds, as its revamped hydrocarbon law offers new incentives to foreign players, the head of energy regulator Alnaft said in an interview.
  • The new hydrocarbon law is designed to improve the attractiveness of investing in Algeria’s upstream after four upstream bid rounds held since 2008 were considered disappointments.
  • Algeria has 9,800 Tcf (277 Tcm) of shale gas in place, up from a previous estimate of around 6,000 Tcf.