Spent in Patos-Marinza Oilfield, in Albania.
Paid in Royalties for the Albanian State Budget.
530 direct employees/ 1470 indirect-subcontractors employees.
LATEST NEWS & EVENTS
Newsletter – H2 2024
Banker’s Newsletter contains comprehensive data and analysis from Banker’s activity ...
Read moreAlbania
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 MoreEnvironmental remediation
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:
Community Relations
Cumulative investment in community relations projects 2009-2018: over $8 million. Total
Rr. Rruga “Murialdo”, Sheq i Madh Fier, Albania
Office: +355 (0) 34 220845/46/47
Fax: +355 (0) 34 220850
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