Oct 2020: Partners, BP (20%), SOCAR (20%), Snam (20%), Fluxys (19%), Enagás (16%), and Axpo (5%) have almost completed construction of the 878 km Trans Adriatic Pipeline (TAP). Gas produced from the Shah Deniz II field in the Azerbaijani Caspian Sea via the Trans Anatolian Pipeline meets TAP at the Greek-Turkish border in Kipoi. The line runs across Greece, Albania and the Adriatic to a terminal in Puglia, southern Italy.
Jan 2020: Eni (operator, 100%) has signed with the Ministry of Infrastructure and Energy, a PSC to explore the 587 sq km onshore Dumre Block. The bid process was launched in September 2019 by the Albanian National Agency for Natural Resources (AKBN).
May 2019: Shell (operator, 100%) confirmed several thousand bbls of light oil per day flow potential in the Shpirag-4 appraisal well near Berat. Shpirag is an onshore fold and thrust belt play with a fractured carbonate reservoir similar to the Val D’Agri and Tempa Rossa fields in Italy. An extended production test will be carried out plus further appraisal drilling.
Apr 2019: Saipem has linked its 36-inch offshore pipeline, part of the Trans Adriatic Pipeline (TAP), in the Adriatic Sea to the onshore section near Fier. TAP will be 37 kms long in Albanian waters, 25 kms in Italian waters and 43 kms in international waters, carrying gas from the Shah Deniz II field in Azerbaijan to Europe.
No significant news in 2018.
Jan 2017: Albpetrol has reclaimed from GBC Oil the Gorisht-Kocul and the Cakran-Mollaj oil fields after it failed to meet its commitments. Albpetrol plan to start reviving the wells. GBCs operations at its third oilfield, Ballsh-Hekal, is not affected.
Jan 2016: Bankers achieved a production average of 19,384 bbls of oil per day from the Patos-Marinze oilfield in 2015, down from 20,687 bbls per day in 2014. Due to flooding and low oil prices the company continues to evaluate shut-in of marginal producers. In 2015 it drilled 61 horizontal wells and is electing to delay further drilling activity until prices improve.
Aug 2015: The Ministry of Energy & Industry said that the bid round deadline is in October for onshore blocks Panaja, C and 5 and is currently negotiating offers for Blocks 4 and Dumre.
Aug 2015: Shell (operator, 75%) and Petromanas (25%) are the successful bidders for Block 4, southeast of their current PSC, Block 2-3, and on trend with the Shpirag and Molisht discoveries.
May 2015: Albania will offer companies 7 offshore and onshore blocks in a bidding process. The onshore areas are Blocks 4 and 5 in the south and southeast, Dumre, Panaja and C block. The offshore are are Blocks Ionian 5 and Rodoni.
Mar 2015: Albania wants to try again to privatise its state oil company, Albpetrol, and will begin offering blocks for exploration. Shell and Petromanas are currently drilling a well in the Adriatic Sea across the border from Italy's offshore Val d'Agri field.
Jan 2015: Bankers achieved 14% growth in output in 2014 with average production from the Patos-Marinza oilfield of 20,687 bbls per day compared to 2013's production of 18,169 bbls per day. Bankers also drilled a record total of 160 horizontal wells in 2014 including the first horizontal well in the Kucova field.
Oct 2014: Petromanas (operator, 25%) with Shell (75%) has secured a heavy drilling rig for its 2015/16 drilling program. It will release its current rig when drilling at the Molisht-1 well ends . The joint venture intends to use the new rig to drill its third and fourth wells on Blocks 2-3 which will be appraisal wells to the Shpirag discovery.
Apr 2014: Average production from the Patos-Marinze oilfield for the first quarter of 2014 was 19,911 bbls of oil per day, 3.2% higher than the fourth quarter of 2013. Thirty four wells were drilled in the main area of the field, all but two horizontal.
Feb 2014: Stream reports that the first Delvina horizontal gas development well is expected to spud in March 2014 and the existing Delvina D12 and D4 gas wells will soon be brought on line. Stream re-opened the Delvina D12 well in mid-2013 but failed to achieve production at that time.
Jan 2014: Production from the Patos-Marinze oilfield for the fourth quarter of 2013 was 19,303 bbls per day. Average production for 2013 was 18,169 bbls per day, 21% higher than 2012. The number of development wells, mostly horizontal, drilled in 2013 was 146. A sixth rig is due to begin drilling in 2014 and continued expansion of water flood and polymer floods are planned.
Oct 2013: Petromanas (operator, 25%) and Shell (75%) have announced 3-day test results from the Shpirag-2 well in Block 2-3 in south-central Albania. The well flowed at rates of up to 1,300 bbls per day of light oil along with gas from an 800m thick fractured carbonate reservoir. An appraisal well is planned after completion of the Molisht-1 exploration well.
Jun 2013: Shell has paid Petromanas US$22 mm for another 25% interest in Blocks 2-3, raising its stake to 75%. There are 9 existing oilfields within Blocks 2-3, including Patos-Marinza. The partners intend to drill 3 wells and run a seismic programme on the acreage.
Jun 2013: Petromanas will relinquish its Block A-B PSC after drilling Juban 1 which cost US$6.5 mm. The company holds another Albanian PSC for block D-E as well as a 50% share of blocks 2-3.
Oct 2012: Third quarter 2012 production from the Patos Marinze oilfield was 15,616 bbls per day, 10% higher than the second quarter. Thirty five wells were drilled during the third quarter of which 32 were horizontal production wells, with 26 placed on production, at an average of 105 bbls per day. Operations are continuing to control water influx and find locations for expansion of secondary and tertiary development programs.
Jun 2004:OMV signed a PSC for an offshore block (Durresi) with Albanian Government. OMV is operator withds 50% while the other 50% is held by Lundin Petroleum. OMV will reprocess 1,000 kms of 2D seismic, undertake 400 sq kms of new 3D seismic and drill one exploration well. OMV is the leading international company in Albania with interests in onshore Blocks 1, 4 and 5.