Chevron(US:CVX) Shang Wu Bu Wang Zhan·2025-12-26 05:30Core Viewpoint - Algeria is shifting its focus from land-based oil and gas development to offshore exploration, with significant interest from international energy companies like Chevron, indicating a positive outlook for the sector [1] Group 1: Offshore Exploration - Algeria's offshore oil and gas potential is being actively explored, with Chevron showing strong interest, which reflects the positive sentiment of international energy firms towards this sector [1] - The Algerian National Agency for Oil and Gas Resources (Alnaft) confirms that this interest is based on actual exploration possibilities rather than mere concepts [1] Group 2: Strategic Developments - Algeria is adopting a cautious approach, having commissioned international companies like SLB to conduct offshore subsurface studies [1] - A two-year research agreement worth $100 million has been signed with Chevron, with results expected by 2028 [1] - International bidding for offshore blocks will not commence until the research results are available [1] Group 3: Investment Landscape - Algeria's offshore mining area covers 131,000 square kilometers, indicating significant potential [1] - The new hydrocarbon law has attracted over $600 million in exploration investments for the 2024 bidding round, showcasing the country's ongoing appeal to foreign capital in the oil and gas sector [1]