TotalEnergies secures new exploration license in Algeria

TotalEnergies secures new exploration license in Algeria
Source: Wikipedia / Caption: Development is expected to strengthen TotalEnergies’ position in the Algerian energy sector

TotalEnergies, in partnership with QatarEnergy, has been awarded the Ahara exploration license in Algeria. TotalEnergies will serve as the operator during the initial Exploration and Appraisal phase, with a 24.5% interest, the same share as QatarEnergy (24.5%). The national company Sonatrach will retain a majority interest of 51%, in accordance with Algerian law. The exploration license is for the area of the intersection of the Berkine and Illizi Basins.

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