French multinational oil and gas company TotalEnergies, jointly with QatarEnergy, has been granted a license to explore the Ahara oil block after a successful 2024 Licensing Bid Round.
The Ahara license covers a large area of approximately 14,900 km², 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: https://energynewsafrica.com
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