Algeria's state-owned oil company Sonatrach has announced an extensive investment plan aimed at boosting the country's oil and gas reserves between 2026 and 2030, as reported by the Algerian News Agency. The company's Director General, Nourredine Daoudi, emphasized the critical importance of exploration and production activities, which alone account for 75% of Sonatrach's projected development investments until 2030. This major exploration program is designed to cover 66% of Algeria’s mining area for hydrocarbons, involving the drilling of approximately 500 exploratory wells.

During an interview celebrating the 55th anniversary of the nationalization of hydrocarbons in Algeria, Daoudi detailed plans for advanced exploration techniques, including the acquisition of three-dimensional and two-dimensional seismic survey technologies, as well as geological processing and reprocessing studies. The strategic investments aim not only to replenish Algeria's oil and gas reserve base but also to meet national market needs and support large-scale structural projects initiated by the government.

This move is significant as it underlines Algeria's commitment to enhancing its energy sector capability at a time when the global energy landscape is rapidly evolving. By focusing on exploration, Sonatrach seeks to ensure sustainable energy production that will contribute to national economic stability and growth, aligning with broader efforts to attract foreign investment and drive technological advancements in the sector.