View Company Profile: Bankers Petroleum Albania LTD

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Bankers Petroleum Albania LTD
Street “Leonardo Murialdo”, Lagja “Sheq i Madh”,Building Nr 37, Fier
Albania,Fier, Fier, 9300

NACE Codes
  • D.35.21 - Manufacture of gas
  • D.35.22 - Distribution of gaseous fuels through mains
  • D.35.23 - Trade of gas through mains
  • G.46.71 - Wholesale of solid, liquid and gaseous fuels and related products
Export Activity

Through their network and representative offices; they are well positioned in all important regions inEurope and worldwide.

Export Chanels /Export Markets

Partners and Distribution Channels

Firm Info

Bankers operates and has the full rights to develop the Patos-Marinza and Kuçova heavy oilfields pursuant to 25 year license agreements with the Albanian National Agency for Natural Resources (AKBN) and a Petroleum Agreement with Albpetrol Sh.A (Albpetrol), the state owned oil and gas corporation. The reserve volumes in the core area of the Patos-Marinza field have nearly doubled in the past ten years with the application of Western Canadian technology and continuous improvements of our operations. Bankers has a strong understanding of the field characteristics due to enhanced technical data of the actual wells, expertise in heavy-oil development and operating experience in the field.

Company Products

Bankers Petroleum Ltd. (Bankers) is a Geo-Jade company, an international global oil research and production company. With a technical center in Calgary, Alberta, and headquartered in Beijing, Bankers is an independent business unit with activity in its auctions in Albania and Eastern Europe. Over the past 12 years, Bankers has built up an experienced technical team, which uses high-tech techniques in extracting heavy oil and developing Patos-Marinza, the largest continental oil resource in Europe. The bankers have made it possible using its expertise to produce more than 85 years of plant history today. Over the past ten years, Bankers has grown to be the biggest direct investor, the largest taxpayer in Albania and one of the largest employers. We have invested more than $ 1.7 billion in Albania, more than doubling our reserves and increasing production, culminating in over 20,000 barrels of oil a day before the fall of the oil price.Overall production over 68 million barrels since 2004, Average 2018 Production over 13,000 bo/pd

Company Services

The annual Capital Program supports the future growth of the Company focusing on three main strategic goals: execution of the primary horizontal drilling program, acceleration of the secondary recovery program, and targeted capital for operational improvements to reduce costs and provide infrastructure and facilities necessary. Primary Drilling Program The cornerstone of the capital plan and the driver behind our annual production growth is our primary drilling program. The majority of the 2015 capital program is for primary drilling with two rigs and approximately 60 wells. These wells are a continuation of development in the Patos-Marinza oilfield. Accelerate Polymer Flood Program Next year will mark a shift from an early-stage pilot project to commercial development of our EOR program. Through the injection of water and polymer into the reservoir, Bankers aims to increase reservoir pressure to mitigate production declines and increase oil recovery. Company is encouraged by the strong performance to date and 20 polymer conversions are anticipated in 2015. Expanding the Product Margin Another focus of the Company is to make each barrel of oil worth more by lowering operating costs. The Company is continuously working to improve surface-level facilities such as building a network of flow-lines to limit in-field trucking, optimizing our treating process to reduce our use of diluent, and developing a more efficient power generation and phased electrification of the field to decrease our reliance on imported diesel for energy. We know that focusing on the details will improve our netbacks and set Bankers apart as an investment opportunity.

Cooperative Offers

Economic Sector: Manufacture of petroleum and sub-products Offer Type: Raw materials/product