Partner of choice for Albania

Partner of choice for Albania

Partner of choice for Albania

Partner of choice for Albania

USD 3.5
Billion

Spent in Patos-Marinza Oilfield, in Albania.

USD 587
Million

Paid in Royalties for the Albanian State Budget.

2000 Employees

530 direct employees/ 1470 indirect-subcontractors employees.

About us

History through
the Years

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.

Albania

Bankers in
Albania

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.

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Environmental remediation

Cleaned more than 800 leases to date. Investment in lease clean-ups over $20 million.

Royalties & Taxes

Cumulative taxes paid to the Albanian Government: 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