Patos Marinza
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Patos Marinza
Patos-Marinëz is an Albanian oil field that was discovered in 1928. It is the biggest on-shore oil field in Europe, and with its per day the biggest oil producing field in Albania. The Patos Marinëz oil field is located east of the city of Fier in south central Albania. Its proven reserves are about . Patos Marinëz has only heavy oil and is in production since the 1930s. Statistics *Contingent resource for 2010 is , compared to in 2009 *Prospective resource for 2010 is , compared to in 2009 See also * Kuçova oil field * Oil fields of Albania Albania is a country rich in petroleum and gas resources both on and offshore. The following is a list of oil and gas fields that are located in the country. Oil and Gas fields See also *List of oil and gas fields of the North Sea Referenc ... References External links Report of RBC and Bankers Petroleum {{Energy in Albania Oil fields of Albania Patos (municipality) ...
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Albania
Albania ( ; sq, Shqipëri or ), or , also or . officially the Republic of Albania ( sq, Republika e Shqipërisë), is a country in Southeastern Europe. It is located on the Adriatic and Ionian Seas within the Mediterranean Sea and shares land borders with Montenegro to the northwest, Kosovo to the northeast, North Macedonia to the east and Greece to the south. Tirana is its capital and largest city, followed by Durrës, Vlorë, and Shkodër. Albania displays varied climatic, geological, hydrological, and morphological conditions, defined in an area of . It possesses significant diversity with the landscape ranging from the snow-capped mountains in the Albanian Alps as well as the Korab, Skanderbeg, Pindus and Ceraunian Mountains to the hot and sunny coasts of the Albanian Adriatic and Ionian Sea along the Mediterranean Sea. Albania has been inhabited by different civilisations over time, such as the Illyrians, Thracians, Greeks, Romans, Byzantines, Venetians, and Ot ...
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Fier County
Fier County (; sq, Qarku Fier, italic=unset), officially the County of Fier ( sq, Qarku i Fierit, italic=unset), is a county in the Southern Region of the Republic of Albania. It is the eighth largest by area and the third most populous of the twelve counties, with more than 286,000 people within an area of . The county borders on the Adriatic Sea to the west, the counties of Tirana to the north, Elbasan to the northeast, Berat to the east and Vlorë to the south, Gjirokastër Country to the sud east. It is divided into six municipalities, Fier, Divjakë, Lushnjë, Mallakastër, Patos and Roskovec, with all of whom incorporate forty-two administrative units. Geography Until 2000, Fier County was subdivided into three districts: Fier, Lushnjë, and Mallakastër. Before 2015, it consisted of 42 municipalities. Demography According to the last national census from 2011, Fier County had 310,331 inhabitants. Ethnic groups in the county include: *Albanians = 241,163 (77.71%) *G ...
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Patos, Albania
Patos ( sq-definite, Patosi) is a town and a municipality in the County of Fier, Albania. The municipality was formed at the 2015 local government reform by the merger of the former municipalities Patos, Ruzhdie and Zharrëz, that became municipal units. The seat of the municipality is the town Patos. The total population is 22,959 (2011 census), in a total area of 82.59 km2. The population of the former municipality at the 2011 census was 15,397. It is the center of the oil industry in Albania, and is 7 kilometers southeast from the city of Fier. History Patos is a very old city. It was a city for oil in the modern day and during King of Albania era and during the People's Socialist Republic of Albania era. The city was also for the works to sleep in and investors. The city is one of the biggest offshore oil field in the Balkans and in Europe. The Patos-Marinza Oil Field was discovered in 1928. It Produces about 11,854 barrels everyday more than other oil fields. It has a r ...
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Bankers Petroleum
Bankers Petroleum Ltd. is a Chinese-owned Canadian oil company operating in Albania. History of Purchase In March 2016, Geo-Jade Petroleum made an all-cash offer of 2.20 CAD per share to purchase the company in a deal worth 575 million CAD (an equivalent of US$425 million). Geo-Jade Petroleum is a Chinese company that owns Bankers Petroleum Ltd. ever since. Importance in the Albanian Market After investments of more than US$2.5 billion at its Patos-Marinza oilfield, Bankers now produces 95% of Albania's crude oil. Tax Evasion In June 2019, Bankers Petroleum was fined 120 million EUR for tax evasion Tax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxp .... The fine came as result of a two-year investigation carried out by the General Customs Directory. From 2014 to 2018, Bankers P ...
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Albpetrol
Albpetrol is an Albanian upstream petroleum production and marketing company, which also monitors state petroleum agreements in Albania. Its stock is owned by the Albanian state. The company is headquartered in Patos and has a representative office in Tirana. The CEO of Albpetrol is Mr. Baftjar Zeqaj. Albpetrol is managing more than 1200 oil wells in the existing settlements of Patos, Ballsh, Karbunarë, Kuçovë, Gorisht-Kocul, Cakran-Mollaj and Amonicë. Albpetrol the eleventh-largest company in Albania measured by 2016 revenues (and the third largest state owned company ). Albpetrol profit for the fiscal year 2016 were US$13 million. The company is operating in 7 oilfields in Albania with a production of 110.000 Ton crude oil. During the last years Albpetrol has managed to have a sustainable position in the Albanian market. History In 1918, Italian geologist Leo Madalena drilled the first Albanian oil well near Drashovica (Vlorë). The well reached a depth of 200 meters and, d ...
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Oil Field
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Petroleum reservoirs are broadly classified as ''conventional'' and '' unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower permeability, while in unconventional reservoirs, the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulation of liquid oil underground in multiple (potentially linked) reservoirs, trapped as it rises by impermeable rock formations. In industrial terms, an o ...
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Fier
Fier (; sq-definite, Fieri) is the seventh most populous city of the Republic of Albania and seat of Fier County and Fier Municipality. It is situated on the bank of Gjanica River in the Myzeqe Plain between the Seman in the north, the Vjosë in the south and the foothills of the Mallakastra Mountains in the southeast. Fier experiences a seasonal Mediterranean climate effected by its proximity to the Adriatic Sea in the west. Fier was founded in the 19th century by the Vrioni family and officially in 1864 by Omer Pasha Vrioni II who was the father of Kahreman Pasha Vrioni (1889-1955). It is from the ruins of the ancient settlement of Apollonia which was founded in 588 BCE by Ancient Greek colonists from Corfu and Corinth, on a site initially occupied by Illyrian tribes. Fier is an important terminus in southwestern Albania and is served by the A2 motorway and SH 4 highway, forming a north–south corridor in Albania and part of the Adriatic–Ionian motorway. Name ...
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Heavy Crude Oil
Heavy crude oil (or extra heavy crude oil) is highly-viscous oil that cannot easily flow from production wells under normal reservoir conditions. It is referred to as "heavy" because its density or specific gravity is higher than that of light crude oil. Heavy crude oil has been defined as any liquid petroleum with an API gravity less than 20°. Physical properties that differ between heavy crude oils and lighter grades include higher viscosity and specific gravity, as well as higher molecular weight hydrocarbon composition. In 2010, the World Energy Council defined extra heavy oil as crude oil having a gravity of less than 10° and a reservoir viscosity of more than 10,000 centipoises. When reservoir viscosity measurements are not available, extra-heavy oil is considered by the WEC to have a lower limit of 4° API. In other words, oil with a density greater than 1000 kg/m3 (or a specific gravity greater than 1) and a reservoir viscosity of more than 10,000 centipois ...
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Kuçova Oil Field
Kuçova oil field is an Albanian oil field that was discovered in 1928. It is the second biggest on-shore oil field of Albania. The Kuçova oil field is located near the town Kuçovë, east of the city of Fier in south central Albania. Its proven reserves are about . The field is operated by Albpetrol and Sherwood International Petroleum. See also *Oil fields of Albania Albania is a country rich in petroleum and gas resources both on and offshore. The following is a list of oil and gas fields that are located in the country. Oil and Gas fields See also *List of oil and gas fields of the North Sea Referenc ... References Oil fields of Albania Kuçovë {{oilfield-stub ...
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Oil Fields Of Albania
Albania is a country rich in petroleum and gas resources both on and offshore. The following is a list of oil and gas fields that are located in the country. Oil and Gas fields See also *List of oil and gas fields of the North Sea References {{DEFAULTSORT:Oil and gas fields in Albania * Economy of Albania-related lists * Albania Albania ( ; sq, Shqipëri or ), or , also or . officially the Republic of Albania ( sq, Republika e Shqipërisë), is a country in Southeastern Europe. It is located on the Adriatic and Ionian Seas within the Mediterranean Sea and shares ...
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