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Algeria Opens New Territory to Oil Drilling

Source: Algeria Times 1/28/2014, Location: Africa

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Energy companies remain wary, though, after deadly 2013 attack on natural gas facility. One year ago, a terrorist attack on a natural gas facility in southern Algeria led to the deaths of 67 people after Algerian troops tried to rescue hundreds of hostages taken by an al-Qaeda-linked group.

Now, for the first time in three years, Algeria has opened a new set of potential oil and gas fields to international bidders. The bidding round was launched on January 21 by Algeria's state-owned oil licensing body, Alnaft.

"The tender covers 31 concessions, including 17 in the southwest and five in the north," Sid Ali Betata, the head of Alnaft, announced at a press conference. The bid round also includes 17 shale gas concessions, and seven on which discoveries have already been made by the state energy company, Sonatrach, said Betata.

For more information about related Opportunities and Key Players visit Algeria Oil and Gas Projects

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