Algeria Opens 2026 Hydrocarbon Bidding Round
Algeria launched a bidding round for seven onshore oil and gas blocks containing an estimated 2.1 billion barrels of oil and 66.5 billion cubic meters of gas. Bids are due in November. The blocks are located in basins near Libya and Tunisia.
rigzone.comAlgeria launched a 2026 hydrocarbon bidding round that offers seven onshore conventional oil and gas blocks. The Algerian National Agency for the Valorisation of Hydrocarbon Resources opened the tender in early June. Bids and ratification are scheduled for November.
The blocks contain an estimated 2.1 billion barrels of oil and 66.5 billion cubic meters of natural gas. Four blocks lie in the Illizi-Ghadames basin near the Libyan and Tunisian borders. The remaining blocks cover a mix of existing discoveries and exploration areas.
Oil and gas prices have risen during the ongoing Middle Eastern crisis. European buyers continue to seek non-Russian gas supplies. Algeria currently supplies about 18 percent of EU gas imports.
Existing fields show increasing depletion.
Domestic consumption is rising, which reduces volumes available for export via pipelines and LNG. The tender document does not specify new production targets or infrastructure commitments.
