Country Report
Albania upstream summary
Report summary
Albania is a mature hydrocarbon province, with a long history of liquids production. Most oil is heavy and required extensive EOR techniques to maximise recovery. Bankers Petroleum dominates production and operates the largest onshore oil field in Europe, Patos-Marinza. The Shpiragu field is operated by Shell. It is the second largest field in Albania, and if developed will significantly increase Albania's oil production. Exploration is focused onshore. Albania is strategically located in the Southern Gas Corridor with the Trans Adriatic Pipeline (TAP) providing the single largest source of foreign investment in Albania's history. Albania plans to utilise the foreign investment as part of its Gas Master Plan, which will see the complete gasification of the country by 2040.
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
-
Key operators
- Majors
- IOCs
- NOC
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Other operators
- Onshore
- Offshore
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Key operators
-
Geology
- Introduction
- Ionian and other Albanide zones
- Albanian foredeep
- Apulian foreland
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Exploration
- Licensing
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Recent licensing
- 2019 onshore tender
- 2015 onshore and offshore tender
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Historical licencing
- Offshore
- Onshore
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Drilling
- Drilling activity
- Current and future activity
- Historical activity
-
Reserves and resources
- Resources by sector
- Reserves by report
-
Production
-
Liquids
- Future production
- Historical production
-
Gas
- Future production
- Historical production
-
Liquids
-
Infrastructure
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Oil infrastructure
- Pipelines
- Rail and sea transportation
- Refineries
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Gas infrastructure
- Ongoing projects
- Future projects
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Oil infrastructure
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Policy and regulation
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Key legislation
- Petroleum Law
- Law on petroleum taxation
- Regulatory body
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State oil company
- Albpetrol
- Other state entities
- State participation
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Licensing
- Abandonment
- Other legislative provisions
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Key legislation
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Fiscal terms
- Overview
- Current fiscal terms
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PSC
- Tax stability
- Bonuses
- Royalty
- Cost recovery
- Profit oil
- Corporate income tax (petroleum profit tax)
- Marginal fields
- Rentals and fees
- Sample cash flows
Tables and charts
This report includes 22 images and tables including:
- Key facts: Table 1
- Country map
- Liquids and gas reserves
- Reserves by sector
- Basin map
- Reserves and resources: Table 2
- Reserves and resources: Table 3
- Reserves and contingent resources at 01/01/2024
- Albania blocks
- Licensing activity
- Exploration drilling activity
- Albania liquids production
- Production: Table 1
- Production: Table 2
- Albania gas production
- Production: Table 3
- Production: Table 4
- Infrastructure: Table 1
- Albania oil infrastructure map
- Albania gas infrastructure map
- Fiscal terms: Table 1
- Fiscal terms: Table 2
What's included
This report contains:
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