Geo-Jade Petroleum Secures Key Qualification for Oil & Gas Development in Algeria, Unlocking Entry into North Africa's Energy Market

Technical and Financial Strength: Certification Energizes Global Expansion

On June 11, 2025, Geo-Jade Petroleum Corporation achieved a major milestone in its international strategy by obtaining the Prequalification Certificate for Oil & Gas Exploration and Development from ALNAFT—the national oil and gas authority of the People's Democratic Republic of Algeria. This certification not only marks Geo-Jade's successful entry into the core arena of North African energy development but also lays a solid foundation for the company's diversified global resource portfolio. Valid for five years (2025–2030), the certificate grants Geo-Jade eligibility to participate in all ALNAFT-organized bidding rounds, significantly enhancing its access to premium energy assets.

A Resource-Rich Landscape: Algeria's Energy Endowment and Industry Overview

As a major oil and gas hub in Africa, Algeria holds world-class energy reserves, predominantly located in the vast Sahara Desert, where multiple hydrocarbon-rich belts offer strong development potential. The country has long attracted global energy giants such as BP, Eni, and Chevron, all of whom have actively engaged in exploration and field development through partnerships and block operations—forming a mature, internationally integrated energy development ecosystem.

New Bidding Opportunities: BR2024 Blocks and Strategic Positioning

In late 2024, Algeria officially launched the highly anticipated Bidding Round 2024 (BR2024) via ALNAFT. The round features six high-potential onshore blocks, primarily located in the Oued Mya, Ahnet, Reggane, and Gourara basins—key production zones with strong geological attributes. These offerings have become focal points for international energy firms, presenting a rare resource acquisition opportunity for globally oriented companies like Geo-Jade. Securing this prequalification certificate carries significant long-term strategic value for the company.

Strategic Planning: Geo-Jade's Path Forward in Algeria

In response to BR2024, Geo-Jade has developed a comprehensive engagement strategy. The company will strictly follow ALNAFT's bidding guidelines and has established a dedicated evaluation team comprising geologists, investment analysts, and legal experts to conduct a full-spectrum assessment of the blocks. This includes reserve estimation, technical feasibility studies, environmental impact analysis, and in-depth review of Algeria's investment policies, legal framework, and market landscape.

Geo-Jade aims to integrate its technical expertise and capital capabilities to design a well-grounded bidding proposal. Looking ahead, the company will adopt a prudent yet proactive approach to pursue exploration and development projects in Algeria. Using its successful operations in Iraq as a model, Geo-Jade plans to gradually build a localized, full-cycle oil and gas operation, covering exploration, development, and production. Through technological innovation and refined operations, the company seeks to establish a distinctive North African development model—cultivating a new growth pillar for its long-term, stable development.