Canadian outfit reworks giant Albania heavy oil field

A unit of Bankers Petroleum Ltd., Calgary, is redeveloping giant Patos-Marinza heavy oil field in central Albania under an existing license between state Albpetrol ShA and the National Petroleum Agency of Albania.Reworking and equipping wells with progressive cavity pumps brought production to 2,300 b/d from 57 wells in early December compared with about 600 b/d when Bankers Petroleum signed the contract with state Albpetrol in mid-2004. Bankers Petroleum unit Saxon International Energy Ltd. holds 100% working interest in all of the field’s 2,500 original wells.Albpetrol separately produces 3,000 b/d from 600 wells in the field.Patos-Marinza, discovered in 1928 and placed on product...

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