Albania holds two of continental Europe’s largest onshore fields, the Patos-Marinza and Kucova field, both operated by Bankers Petroleum, placing Albania amongst Europe’s largest and oldest oil and gas producers with substantial onshore and offshore fields.
Patos-Marinza alone is Europe’s largest onshore heavy oil field, originally holding 5.4 billion barrels of oil, and it has been recently reported that it still holds approximately 2 billion barrels of oil.
Bankers Petroleum is a Canadian-based oil and gas E&P company that operates and has full rights to develop the Patos-Marinza and Kucova heavy oilfields.
Very recently, the Ministry of Energy and Industry of Albania launched an open door licensing round for 12 onshore blocks and 1 offshore block, with the new regulations for the entire upstream sector expected to be released and defined in the upcoming month.
Join us on 1st-3rd October at the Grande Bretagne Hotel in Athens to hear exclusive insights on the highly prosperous Albanian hydrocarbons industry from Dorian Ducka, the Deputy Minister of Energy and Industry; and Mark Hodgson, the Business Development Vice President and Deputy General Director of Bankers Petroleum Albania.