TotalEnergies Secures New Exploration License in Algeria

An update from TotalEnergies SE ( (FR:TTE) ) is now available.

TotalEnergies, in partnership with QatarEnergy, has been awarded the Ahara exploration license in Algeria, marking a new chapter in its collaboration with SONATRACH. The license, located at the intersection of the Berkine and Illizi Basins, will see TotalEnergies as the operator during the Exploration and Appraisal phases with a 24.5% interest. This development is expected to strengthen TotalEnergies’ position in the Algerian energy sector and enhance its long-standing partnership with SONATRACH, contributing to the country’s economic development.

More about TotalEnergies SE

TotalEnergies is a global integrated energy company involved in the production and marketing of oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With a presence in approximately 120 countries, the company emphasizes sustainability in its operations and projects. In Algeria, TotalEnergies is a significant player in the energy sector, engaging in oil and gas exploration and production, and marketing lubricants and bitumen through its subsidiaries.

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