Spent in Patos-Marinza Oilfield, in Albania.
Paid in Royalties for the Albanian State Budget.
530 direct employees/ 1470 indirect-subcontractors employees.
At Bankers, we work hard to position ourselves as the partner of choice for Albania to operate the Country’s largest resource. Bankers has been able to use its expertise to produce more today than in the over 85 year history of the field. Over the past ten years Bankers has grown to be the largest foreign direct investor, the largest tax payer in Albania, and one of the largest employers. We have invested over $2 billion in Albania, more than doubled our reserves, and grown production to a peak of over 20,000 bopd prior to the fall in oil prices.
LATEST NEWS & EVENTS
Albania has a rich and unique history that has resulted in a country with a vast underdeveloped heavy-oil resource, an economy that encourages foreign investment, as allies of future development and growth.Read More
Cleaned more than 800 leases to date. Investment in lease clean-ups over $20 million.
Royalties & Taxes
Cumulative taxes paid to the Albanian 2018: around $700 million Royalty tax payments
Production & Growth
Production 2004: 600 bopd vs. 2018: 15,500 bopd. Reserves 2006: 101 million bbls vs. 2018:
Cumulative investment in community relations projects 2009-2018: over $8 million. Total
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