Canadian outfit reworks giant Albania heavy oil field

12/19/2005
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...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected