Albania Oil and Gas Report - Business Monitor International - Industry Reports

Albania Oil and Gas Report

Albania Oil and Gas Report - Business Monitor International - Industry Reports
Albania Oil and Gas Report
Published Sep 24, 2016
60 pages — Published Sep 24, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Exploration in Albania has been severely eroded by weak oil prices. Bankers Petroleum, the number one company in the country suspended drilling over H--- and has completed the sale of the company to Geo- Jade Petroleum, making its future commitments uncertain. ...Exploration in Albania has been severely eroded by weak oil prices. Bankers Petroleum, the number one company in the country suspended drilling over H--- and has completed the sale of the company to Geo- Jade Petroleum, making its future commitments uncertain. Bankers had planned a -- well programme over H---, if oil prices supported the move, though much of this was on existing resource. ...The bulk of investment will go into stabilising production levels at existing fields.

...Oil production in H--- has fallen heavily, averaging around --,---b/d after drilling was halted across the country. In June, Shell spud the Shpirag-- well, which it is expecting to take around one year to complete due to geological complexity. Chinese company Geo-Jade Petroleum Corp. completed its purchase of Albania s largest oil producer, Bankers Petroleum, for CAD---mn. TransAtlantic Petroleum also sold its oil assets to GBC Oil, but will retain its interest in the Devlina gas prospect for which it is eyeing a joint venture partner. Given the M&A activity at the largest operators in Albania, there are currently no development rigs operating in the country. ...The refining sector has seen little benefit from stronger global fuels demand, though could take advantage of stronger bitumen demand.

...All information contained in this publication is copyrighted in the name of Business Monitor International Ltd, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. ...

...Much of Albania s oil is very low quality and difficult to extract. Rule of law remains weak and corruption continues to dampen the business environment. ...

  
Source:
Document ID
2058-0711
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Albania Oil and Gas Report" Sep 24, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Albania-Oil-and-Gas-Report-2026-1753>
  
APA:
Business Monitor International - Industry Reports. (2016). Albania Oil and Gas Report Sep 24, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Albania-Oil-and-Gas-Report-2026-1753>
  
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