Poland and Albania, respectively the first and last European countries to emerge from Communist rule, have unveiled bidding rounds for oil and gas projects.
The goal is to encourage foreign investment in exploration and development.
Poland's Ministry of Environmental Protection, Natural Resources and Forestry, Warsaw, announced the schedule for its first bidding round for coalbed methane exploration licenses. Site is the Upper Silesian coal basin.
Oil and gas companies were invited to submit proposals by Oct. 1 to develop what the ministry says is one of the world's most commercially viable coalbed methane resource.
Five data packages are available covering 11 blocks. Packages cost $20,000 each or in combinations as much as $70,000 for all five. They include geological data, maps, gas transmission infrastructure details, drilling data, and results of coalbed methane studies. A bid is eligible only if the bidder has bought the relevant data package.
Data packages, a report on the coalbed methane geology and potential, and further information are available from Kingsgate Communications Ltd., London. Geological and borehole data were compiled by Poland's State Geological Institute, while the bidding round is being conducted by the Bureau of Geological Concessions, both of Warsaw.
ALBANIA PROJECTS
Albania's state oil company, Albpetrol, has announced a bidding round for oil field rehabilitation and enhanced oil recovery projects in seven fields, all onshore.
Original oil in place for six of the seven fields is estimated at 4.5 billion bbl, of which 290 million bbl have been produced. Primary recovery is expected to produce only 490 million bbl.
Patos-Marinza and Kucova fields, which hold almost half the estimated reserves, produce from multiple pays in Miocene sands at depths from near the surface to 5,740 ft.
Four fields produce from fractured Cretaceous-Paleocene limestone reservoirs. Visoke, Ballsh, and Gorisht-Kocul fields produce from depths above 5,570 ft. Cakran Mollaj field produces from 8,700-12,100 ft.
The seventh field is an incompletely evaluated gas/condensate discovery at Delvina, also in fractured limestone. Pay depth range is 9,200-11,500 ft.
A field data package is available to help bidders submit proposals by Nov. 30. Purchase of the package, available for $60,000 from Petroconsultants SA, Geneva, is a requirement for bidding.
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