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

Deepwater Operations 2014: ENGlobal showcases Universal Master Control Station for the subsea market

Nov 7, 2014 ENGlobal Corp. has showcased its Universal Master Control Station (UMCS) for subsea controls and integration on the exhibition floor of the Deepwater Operations Conference & Exhibition held at ...

Britain awards 134 licenses in Seaward Round

Nov 7, 2014

Britain’s government has awarded 134 licenses covering 252 blocks and part-blocks under the 28th Seaward Licensing Round.

Oil & Gas UK urges stimulation of offshore activity

Nov 6, 2014

Industry association Oil & Gas UK has made a further representation to the UK Treasury on the North Sea tax regime.

Excelerate to lead Equatorial Guinea FLNG studies

Nov 6, 2014

Ophir Energy has appointed Excelerate Energy as its lead midstream partner for provision of FLNG facilities for the block R project offshore Equatorial Guinea.

Hurricane receives more time for Shetland offshore program

Nov 6, 2014

Britain’s government has extended two licenses west of Shetland held by Hurricane Energy.

Trending News

DNV GL wins Maersk contract for field development contract

Nov 20, 2014

DNV GL has secured a multi-million-pound project from Maersk Oil North Sea UK for work on the Culzean field development. 

Companies cooperate to deliver DNV GL-qualified deepwater lowering system

Nov 20, 2014

The cooperation of three companies jointly developing solutions for deepwater installation has led to the introduction of a new system capable of handling heavy loads at depths of well over 3 km (9,842 ft).

Studies highlight jobs, revenue potential of opening new oil and gas leasing offshore US

Nov 20, 2014

Offshore oil and natural gas leasing in the eastern Gulf of Mexico and the US Atlantic and Pacific coasts could create nearly 840,000 American jobs and raise more than $200 billion in revenue for the government, according to new studies released by the American Petroleum Institute.

CIMC Raffles delivers COSLProspector

Nov 20, 2014

CIMC Raffles has delivered in Yantai, Shandong, China, the fourth deepwater semisubmersible drilling rig built for COSL, the COSLProspector.

TGS signs LOA for 2D surveys over Mexico and US Atlantic

Nov 20, 2014

TGS has signed a letter of award with SeaBird Exploration to acquire up to 300,000 km (186,411 mi) of 2D seismic data offshore Mexico and in US Atlantic waters.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>