Algeria is experiencing a surge in exploration and production projects following its latest licensing round, which is expected to lead to a $50 billion investment drive over the next four years.

Under President Abdelmadjid Tebboune, Algeria has implemented bold development plans for the oil and gas industry, aiming to consolidate its position as an international export hub.

Algeria is leveraging policy reform to attract new investment in exploration projects. The country’s ongoing licensing round offers six onshore blocks to international and domestic companies, with a bid opening ceremony in June 2025. This is part of a five-year plan that includes multiple bid rounds, aiming to offer acreage in high-potential geological zones and combining greenfield and brownfield assets.

Also, President Tebboune has enacted policy reforms to improve the business environment for foreign operators, including the introduction of a Hydrocarbon Law in 2019. Since the law’s enactment, production has rebounded significantly in Algeria, with gas sales projected to remain at 10 billion cubic feet per day until the end of the decade.

International oil companies such as ExxonMobil and Chevron are exploring for hydrocarbon resources in Algeria, while Eni and Equinor are revitalising the In Salah and In Amenas fields. Sonatrach, Algeria’s national oil company, is rapidly expanding its portfolio with strategic investments in the Zarzaitine oilfield and revived operations at the Alrar gas complex.

Green hydrogen development is also a priority for Algeria, with projects like the SoutH2 Corridor project transforming the market by repurposing natural gas pipelines to transport green hydrogen.

"Algeria’s diversified energy strategy should serve as a strong example for other resource-rich nations in Africa. By prioritising oil and gas exploration, reforming policies to attract spending and working closely with international partners to establish sustainable export networks, Algeria is establishing itself as an international energy hub. President Tebboune has played an instrumental role in making the country what it is today: an attractive, growth-oriented market," states NJ Ayuk, Executive Chairman of the African Energy Chamber.