Albania

Bankers Petroleum Albania Sh.p.k

An EMIS Company Report EMIS is a Euromoney Institutional Investor plc company USD 9.95 Industry: Natural Gas Extraction Available in: English Format: PDF Download Buy full report

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Contact Information

Headquarters
Rruga Leonardo Murialdo, Lagja Sheq i Madh
Fier; Fier; Map

Tel: (+355 34) 22 08
Fax: (+355 34) 22 08

Email:
@bankerspetroleum.com

Website:
http://www.bankerspetroleum.com

Company Description
Bankers Petroleum Albania is a wholly-owned subsidiary of Canada-based Bankers Petroleum Ltd., which is engaged in oil and gas exploration and production as well. Previously, the Albanian affiliate was known as Saxon International Energy Ltd. Bankers has been operating in Albania since July 2004 and holds interest in two heavy oil fields – Patos-Mariza and Kucova. Bankers Petroleum operates and has the full rights to develop the Patos-Marinza and Kucova heavy oil fields pursuant to 25 year license agreements with the Albanian National Agency for Natural Resources (AKBN) and a petroleum agreement with the State-owned oil and gas corporation Albpetrol. The Patos-Marinza field is one of the largest onshore oil fields in continental Europe with 7.5 billion barrels of original oil in place. The Kucova field has 297 million barrels. Additionally, Bankers Petroleum holds 7 year exploration license on an 185,000 acre block, called Block F, which is considered to be a field of natural gas. Bankers produces some 15,000 barrels of oil per day.
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