TotalEnergies, jointly with QatarEnergy, has been awarded the Ahara license following the 'Algeria Bid Round 2024', launched by The National Agency for the Valorization of Hydrocarbon Resources (ALNAFT), the first call for tender conducted under the hydrocarbon law No.19-13.
Ahara is a large license covering an area of approx. 14,900 sq km, located at the intersection of the prolific Berkine and Illizi Basins. TotalEnergies will serve as the operator during the Exploration and Appraisal phases of this license with a 24.5% effective interest, the same share as QatarEnergy (24.5%). The national company SONATRACH will retain a majority interest of 51%, in accordance with Algerian law.
'TotalEnergies is delighted that its joint bid with QatarEnergy has led to the award of the Ahara license, allowing us to write a new chapter in our long-lasting partnership with SONATRACH in Exploration in Algeria', said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
Source: TotalEnergies
