Albpetrol is a 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. Albpetrol is managing 1350 oil wells in the existing settlements of Patos, Ballsh, Karbunarë, Kuçovë, Gorisht-Kocul, Cakran-Mollaj and Amonicë. At the end of the year 2017 Albpetrol had approximately 2400 employees.
Albpetrol the eleventh-largest company in Albania measured by 2016 revenues (and the third largest state owned company ). For the year 2013 the profit generated by the company Albpetrol A.S. was in the amount of 17.6 million USD. Albpetrol profit for the fiscal year 2016 were 13 million USD. As in 31 December 2017, Albpetrol has oil and gas operations 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.
The history of Albanian oil began in 1918, when Italian geologist Leo Madalena drilled the first well near Drashovica (Vlorë). The well reached a depth of 200 m with positive results, despite the small amount of oil received. These results attracted the attention of major companies of the era, such as Anglo-Persian APOC Oil Company and American Standard Oil.
Since this time, more than 5,650 oil and gas wells were drilled in Albania. In the natural gas fields, 255 gas wells are producing from 500 wells drilled. In five oil fields there are 4,728 oil wells.
Albania currently has 12 known oil deposits and 5 natural gas deposits. Patos-Marinëz, an area of 44 thousand hectares, is the largest oil-bearing zone in continental Europe. It is estimated to contain 5.4 billion barrels of crude oil.
Albpetrol JSC operates according to the norms and rules of the market economy, with the object: Research and production of the hydrocarbons which included a full cycle of seismic works, geological, engineering, geophysics, research, extraction, processing and petroleum products marketing.
The maximum oil production was realized by ALbpetrol in 1974 with 2 250 000 tons of oil / year (or 6165 tons of oil / day equivalent to 38 408 barrels / day). The highest values of the amount of gas have been in 1982 with 940 000 000 Nm3 gas / year (or 2 575 342 Nm3 gas / day). In these years the number of employees in Oil Industry that included about 34 enterprises, has been at about 25000, of whom about 2800 employees were medium and senior specialists. Until the end of the year 2013, are discovered and put into operation three oil fields in sandy layers and nine oil fields in limestones. During this period are also discovered four natural gas fields in sandy layers and one gas condensing oil field in limestone layer.
In the period before 1990, Albpetrol JSC was one of the largest undertakings of the Albanian State and one of the largest contributors to income in the state budget. The transition years brought a setback and a reduction of society activity. In the mid-1990s a number of world oil countries came to Albania and took by concession the oil fields administered by Albpetrol. This created a change in the company role, which today is not only oil production, but also functions as a regulatory entity and a controller of related hydrocarbon agreements between the Albanian state and foreign companies. The oil and gas industry will continue to have a primary role in the Albanian economy, not only because it employs a significant number of employees, but also for the beneficial income that the state gains from this industry.
The initial geological oil reserves, in total, according to the calculations made by the most qualified specialists until the years 1985 - 1990, are estimated 437.645.143 tons of oil, out of which 81.025.885 tons of oil reserves are considered extractable reserves. Until 01.01.2014 are produced a total of about 55.498.458,31 tons of oil, which means 68.49% of the extractable reserves or 12.68% of geological reserves. The geological reserves of gas, are estimated in a total of 18.163.700.000 Nm3 gas, and until 01.01.2013 is extracted a total of 12.503.725.787 Nm3. It remains to be extracted even 5.659.974.2013 Nm3 of gas. The value of extractable reserves of 81.025.885 tons of oil, in terms of a qualitative improvement of the technology of exploitation of wells and oilfields, particularly the last 20 years, is reassessed “a priori” and the highest is thought to be 50-60 %, which means that the extractable reserves may be 110 to 120 million tons in total. A total of 277.615.000 Nm3 gas or 56.54% is extracted from the gas field. So from the extractable reserves of gas are still remaining in the layer about 90,635,000 Nm3 of gas.
|The geological gas reserves estimated as safe are:|
|In the sandy deposits (extractable natural gas)||4.913.700.000 Nm3 of gas|
|In the sandstone and limestone deposits oil accompanying||13.250.000.000.Nm3|
|The total amount:||18.163.700.000 Nm3 of gas|
In Albania are drilled a total of about 5 630 wells, of which 400 exploration wells, with a general length of over 7 000 000 linear meters, of which 2,118,516 ml for exploration wells and 4,881,484 ml for drilling-exploitation wells. The fields of oil and gas, are located in the districts of Sarande, Vlore, Mallakaster, Fier, Lushnja and Kuçove.
Summarized by type of rocks where the oil is found, the geological reserves estimated as safe are:
Until 01.01.2013 according to the type of rocks are extracted in total
|- Production of oil in the sandy deposits||27.389.865 tons|
|- Production of oil in the limestone deposits||28.108.593 tons|
|Total amount:||55.498.458 tons|
|Remain to be extracted about||25.527.426 tons|
The pipeline network is spread across the whole western part of Albania and ends at ORC in Ballsh. The physical map of the current distribution network is kept by Albpetrol, which is not obliged to display it publicly.
The local infrastructure of the gas network in Albania has a larger extent than the oil infrastructure. Gas fields are situated from Durrës, located in the center of Albania, up to Delvine, in the south of Albania, thus creating an opportunity for the consumers to be connected to the network. The limited infrastructure of the local gas in some countries is outside the operating condition and major rehabilitation works are needed. Parts of the network are not able to transport gas due to its corrosion and destruction. According to the forecasts, the existing gas pipeline network should be completely replaced.
The activity of Albpetrol JSC Society is:
The realization of the object of company activity shall be achieved through:
Attributes of ex-APC (Albania Petroleum Corporation) in Tirana, dealing with the research-producing hydrocarbons passes Albpetrol JSC society, starting from 01/04/2003. The power supply of qualified customers. Electricity trading. Natural gas transportation.
Environmental permit for the activity with spotting in the environments in the oil fields in Kuçovë Patos-Marinez (Drize + Goran) Ballesh Hekal, Amonicë Gorisht areas, in gas fields in Divjak - Lushnje, Frakull-Fier, Povelç - Fier, Finiq Sarand area, transmission network of oil and gas products, bituminous sand field Kasnice-Fier, Kuçovë and Patos Mechanical Plants.