Illizi South Development
Algeria – Sonatrach & Midad Energy
30-Year Production Sharing Contract | USD 5.4 Billion Partnership
Overview
The Illizi South Development marks a landmark collaboration between Midad Energy and Sonatrach, representing one of the largest Saudi private investments in North Africa.
This 30-year Production Sharing Contract (PSC) underscores the strength of Saudi–Algerian cooperation and Midad’s growing influence as a trusted international energy operator.
Located in the Illizi Basin near Algeria’s southeastern border with Libya, the project spans exploration, appraisal, and full-field development — contributing to the sustainable growth of Algeria’s upstream sector.
Project Highlights
Partners
Midad Energy & Sonatrach
Investment Value
USD 5.4 Billion
Contract Type
30-Year Production Sharing Contract (PSC)
Location
Illizi Basin, Southeastern Algeria
Scope
Exploration, appraisal, and full-field development
Funding
Exploration phase fully financed by Midad Energy
Strategic Importance
The Illizi South Development is a defining step in Midad Energy’s international journey — expanding Saudi private-sector participation in Algeria’s energy landscape.
By combining Midad’s operational excellence with Sonatrach’s deep local expertise, the project reinforces both nations’ shared vision for long-term energy security, economic diversification, and regional collaboration.
Regional Impact
