Nada A. Ahmed

1 month ago | mees.com | Nada A. Ahmed |James Cockayne

There are fewer than 50 days to go before Algeria’s first oil and gas bid round in a decade closes on 17 June, with bids to be opened and provisional awards made the same day (MEES, 18 October 2024). Launched by state hydrocarbon regulator Alnaft in October after several years in the making, the long-awaited bid round offers six large onshore blocks totaling 152,000 km2 – substantially larger than England – encompassing both gas and oil-prone areas of Algeria (see map).

1 month ago | mees.com | James Cockayne |Nada A. Ahmed

Eni CEO Claudio Descalzi last week pledged that his company will invest “more than €8bn [$9.1bn]” in each of its three key North Africa areas of operations over the next four years. A pledge that means that the region, which provided 35% of the Italian firm’s global output for 2024 (598,000 boe/d of 1.71mn boe/d), is likely to strengthen its position further.