Stay Connected

Albanian offshore application in limbo

Offshore staff

LONDON – A combination of political issues and the privatization of former state oil company Albpetrol has delayed Adriatic Oil’s application for the North Rodoni permit offshore Albania.

Offshore Albania, in the southern Adriatic Sea, is one of the least explored shelf areas of the western Mediterranean Sea, the company adds. Only six wells have been drilled over a total area of 12,000 sq km (4,633 sq mi).

However, hydrocarbons have been found in four out of six wells drilled in Albanian waters, and also are present beneath the waters off southern Italy and Montenegro to the north.

Eni’s Aquila oil field, in 850 m (2,789 ft) water depth in the southern Italian sector, has delivered 25 MMbbl of oil since production started in 1998. There is also an unappraised oil accumulation in the Giove area and a gas accumulation in the Falco discovery.

Adriatic Oil is monitoring moves by other companies and is aware of increased exploration activity in the southern Adriatic Sea.

3/1/2013

Related Articles

Norway to join China’s CNOOC in oil exploration off Iceland

Nov 25, 2013

Norway's oil ministry said that Norway will team up with Chinese oil firm CNOOC to explore for oil offshore Iceland.

PSA approves Wintershall, Statoil drilling plans

Nov 25, 2013

Petroleum Safety Authority (PSA) Norway has sanctioned two new offshore drilling programs.

Trending News

Hydratight launches hot bolting services for offshore assets

Oct 24, 2014

Hydratight now offers hot bolting services globally on all types of flanged joints.

Palantir Solutions launches new reserves management and planning tool

Oct 24, 2014

Palantir Solutions is offering a new reserves management and planning solution called PalantirRESERVES, which is powered by PalantirDATAFLOW, a data management planning platform.

Fugro offers high-resolution subsea laser scanning

Oct 24, 2014

Fugro has expanded its offshore oil and gas services by adding high-resolution subsea laser scanning, which can be applied to a range of subsea services including metrology, field mapping, structure mapping, change detection, and integrity management.

OFG completes CSEM hydrate survey offshore Japan

Oct 24, 2014

Ocean Floor Geophysics Ltd., in cooperation with Fukada Salvage and Marine Works Co. Ltd., has completed a high-resolution CSEM survey of near-surface gas hydrates in Japanese waters using the Scripps Institution of Oceanography Vulcan system for the National Institute of Advanced Industrial Science and Technology (AIST).

Statoil takes an offshore operatorship in Australia

Oct 24, 2014

Statoil continues to expand in Australia, with the award of 100% equity share in an exploration permit in the Northern Carnarvon basin on the Northwest Shelf of Australia.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>