Libya: Launched its first licensing round since 2011 in March 2025, attracting interest from 37 companies for 22 blocks in key basins.
Algeria: Awarded five licenses in June 2025 and is nearing potential deals with ExxonMobil and Chevron to tap its shale gas reserves. The country is also investing $50 billion in hydrocarbon projects over the next four years.
Egypt: Held a bid round in March 2025 for 12 new opportunities, particularly in the Mediterranean and Nile Delta regions.
A surge in licensing and investment strategies across North Africa indicates a strategic effort to unlock energy potential.
Focus on Shale Gas:
Algeria’s focus on shale gas development signals a broader trend of exploring new avenues for gas production. International Partnerships: The involvement of international companies like ExxonMobil and Chevron in Algeria’s gas plans highlights growing collaboration in the region.
