Albania: Petromanas reenters Berati thrust wildcat

Petromanas Energy Inc., Calgary, has reentered the Shpiragu-1 well on Block 2 in the Berati thrust belt onshore southern Albania and plans to deepen it as Shpiragu-2 to 6,100 m at a cost of $31 million.

The company’s partner is to pay the first $25 million cost of the deepening, which is to take 150-180 days. Costs are to be shared 50-50 after that.

Occidental Petroleum Corp. drilled Shpiragu-1 to 5,200 m in 2001 and tested light oil and sour gas to surface (OGJ Online, Aug. 23, 2011).

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