Canadian company says Albania's oilfield production is on the rise

Canadian-based exploration and production company Bankers Petroleum , developing oil and gas reserves in Albania, informed that production at its Patros Marinza oilfield in the country rose by 14% q/q in Q1, IntelliNews reported. Production at Patros Marinza averaged 8,282...

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 E-mail article  Print  Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά  Text

Canadian company says Albania's oilfield production is on the rise



bne - 19.05.2010


Canadian-based exploration and production company Bankers Petroleum , developing oil and gas reserves in Albania, informed that production at its Patros Marinza oilfield in the country rose by 14% q/q in Q1, IntelliNews reported. Production at Patros Marinza averaged 8,282 bopd over the period, the company added. A third rig was arranged to start drilling at the oilfield in July 2010. 

The company said its current production was at over 10,000 bopd and projected a production target of 15,000 bopd for the end of 2010. Bankers Petroleum posted a 21% y/y decrease in revenues last year.    Source Bne www.businessneweurope.eu


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