Petroceltic International announced Wednesday that it has received confirmation from Algeria's National Agency for the Valorisation of Hydrocarbons, ("ALNAFT") that it has prequalified for the upcoming Algerian oil and gas exploration licencing round as an Operator and Investor for onshore licences.
The 7th Algerian licencing round, and the first since the adoption of the new Hydrocarbons law of 2006, was launched by ALNAFT on Jul. 10, 2008. The round will invite bids from Operators and Investors for 45 exploration and production blocks in 16 permits, divided between nine hydrocarbon basins. The round closes in December 2008