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Buy Excel files - histories and forecasts of production and wells split into any category for all countries and regions

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Vertical axis in chart corresponds to thousands of barrels of oil equivalent per day.

Oil -  fossil oil produced from on and offshore reservoirs, including tight sands/shales; and liquids extracted from gas.

Gas - sales gas produced from on and offshore reservoirs, including tight sands/shales and coal beds.O

Full breakdowns are available in datafiles.

Vertical axis in chart corresponds to number of wells spudded in year including stand-alone sidetracks.

Wells in chart include those drilled in exploratory and development categories for oil and gas, but excluding CBM.

Full breakdowns are available in datafiles.

Exploration and Production

Modern history

A number of companies now have licenses to operate onshore and offshore which has led to a tripling of the country’s heavy oil production since 2004 using modern pumping systems and horizontal drilling. Exploration activities have also increased, both onshore and offshore, with operators using modern seismic data. Shell is also evaluating a potentially significant, light oil discovery in the onshore Shpirag and Molisht areas.

For recent events see News Briefs.

Beginnings

Surface mapping and drilling identified a number of potential fields including Europe’s largest onshore oil and gas field, Patos Marinze, drilled in 1926 in the Durresi Basin. The first field discovered was Drashicova in 1918, a small discovery that was abandoned in 1920.

From 1928 to 1977 a number of other oil and gas discoveries were made, however most oil was produced from Patos Marinze from 1939. Operations in all the fields relied on ancient Chinese and Russian built vehicles, pumps and facilities until the 1990s when Western companies were first invited to invest.

Oil and gas forecasts

Production of oil from Albania has probably peaked and Globalshift does not forecast any future growth from existing or new developments. Gas output, however, which is at a low level could grow significantly as new investment in associated gas and complex free gas fields in the Ionian Basin are developed.

Geology

E and P

News Briefs

Albania

Southern Europe

Albania