Eni signs Production Sharing Contract for exploration of onshore block in Albania

Published by Nicholas Woodroof, Editor
Oilfield Technology, Thursday, 26 December 2019 09:00

In the presence of the Albanian Prime Minister, Edi Rama, Eni’s CEO Claudio Descalzi, signed with the Ministry of Infrastructure and Energy Belinda Balluku, the Production Sharing Contract to explore, with a 100% equity interest, the Dumre Block, in the onshore of Albania, following a competitive bid launched in September 2019 by the Albanian National Agency for Natural Resources (AKBN). The Dumre Block covers an area of 587 km² and is located approximately 40 km south of the capital Tirana, in a “proven” hydrocarbon area with good oil prospectivity.

With the award of Dumre Block, Eni, which is the operator through the new subsidiary Eni Albania, took the commitment to drill an exploration well and looks forward to closely work with the Albanian Authorities to contribute to the economic growth of Albania as a strategic partner.

“The new entry after 20 years in Albania, in the Dumre Block, represents a very important step for Eni, which is committed with its competences, know-how and sustainability drivers to help developing a key country of the Balcan region and Italy’s strategic partner” commented Eni’s CEO, Claudio Descalzi.

Read the article online at: https://www.oilfieldtechnology.com/exploration/26122019/eni-signs-production-sharing-contract-for-exploration-of-onshore-block-in-albania/

AccuWeather: Hurricane Francine causes US$9 billion damage and economic loss

Monday 16 September 2024 11:03

AccuWeather’s?preliminary estimate?of the total?damage?and economic loss from Hurricane Francine in the USA is US$9 billion.

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