This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 9/26/2017

Overview
State-run oil firm AlbPetrol has estimated that Albania has oil reserves of 220 million barrels and natural gas reserves of 5.7 billion m3 gas.  Albania’s Patos-Marinza oilfield is the largest onshore field in continental Europe, and onshore and offshore oil and gas opportunities have attracted dozens of foreign companies over the years.  Since 1992, dozens of new onshore wells have been drilled and thousands of new 2D and some 3D seismic profiles have been completed, onshore and offshore.   

Companies that currently hold production sharing agreements with Albpetrol include:

Oil

  • Patos Marinza – Bankers Petroleum (2004);
  • Kucova – Sherwood International Petroleum/ Bankers Petroleum (2007)
  • Visoka – Transoil Group (2009); 
  • Ballsh Hekal – TransAtlantic / Continental Oil and Gas (2016);
  • Drashovica, and Pekisht-Murriz – Phoenix Petroleum (2013);

Gas

  • Divjake, Ballaj-Kryevidh, Povelce, Panaja, Finiq-Karne, and Frakull – Phoenix Petroleum (2013) 
  • Delvina – Global Energy Management (2016)

Albpetrol holds the Cakran-Mollaj, Gorisht –Kocul, and Amonica oil fields.   

Company

Oil and Gas Field

2012
(ton)

2013
(ton)

2014
(ton)

2015
(ton)

2016

Bankers Petroleum

Patos-Marinza

879,200

1,061,000

1,211,832

1,131,625

922,443

TransAtlantic/ Continental Oil & Gas

Ballsh-Hekal

7,640

5,900

6,185

5,793

46,832

Former TransAtlantic/ Continental Oil & Gas

Cakran-Mollaj

41,600

35,250

29,570

21,761

Former TransAtlantic/ Continental Oil & Gas

Gorisht-Kocul

41,100

45,920

45,442

36,618

TransAtlantic/ Continental Oil & Gas

Delvina (Cond.)

 

 

 

8

Sherwood International

Kucova

300

100

190

2,688

2,731

Transoil Group

Visoka

14,950

22,300

24,529

27,190

23,515

Albpetrol--
Phoenix Petroleum

Amonicë–Pekisht-Finiq

 

1,510

5,053

5,996

3,921

Albpetrol

Other

45,000

37,320

45,386

47,574

46,959

TOTAL

 

1,029,790

1,209,300

1,368,222

1,279,253

1,046,401

TransAtlantic/ Continental Oil &Gas

Delvine (Nm3 gas)

-

-

30

No data

 
No data

 
Albania’s territory is divided into the following onshore and offshore blocks and may offer opportunities for exploration and development of oil and gas fields. 
Albania Licencing Situation May 2017
The licensing for all vacant blocks, except that of Velca, which is held by Albpetrol, is administered by the National Agency of Natural Resources (AKBN.)

Royal Dutch Shell operates in blocks 2 and 3, and is negotiating a lease agreement for block 4.  
Onshore blocks 1, 5, 6, 7, 8, A, B, C, D, E, Dumre, and Panaja are currently free. Pennine Petroleum is currently negotiating the rights for Velça Bllok. Offshore block Rodoni is free.
The offshore Durresi Block operated by San Leon Energy, Joni 5 operated by Capricron/Medoil, blocks 2, 3 and 4 and Block F are currently under review process.  
Refining and oil imports & exports:
Albania has two refineries, Ballsh and Fier, with refining capacities of 1 million tons and 0.5 million tons, respectively.  Albania exports much of its crude oil and imports most of its refined fuel.  In 2016, imports under chapter 27 reached $380 million and exports reached to $221 million.
 
Refined crude oil in Albania’s refineries:

Year

2011

2012

2013

2014

2015

2016

Quantity of refined crude oil (ton)

208,989

106,929

62,225

300,000

353,768

170,767

 
Albania has two coastal oil and gas terminals: Porto Romano, in Durres, and Petrolifera, in Vlora.  Each has capacity to store liquid petroleum gas, crude oil, diesel, gas, and additional liquids and dry products.

Gas market:  Albania has no natural gas production and remains unconnected to regional gas networks.  The Trans-Adriatic Pipeline (TAP), construction of which is underway and scheduled to finish in 2019, is expected to play a major role in developing Albania's energy market and facilitating the government's objective of becoming a gas hub in the Western Balkans.

For TAP-related opportunities, please visit: Trans Adriatic Pipeline

Leading Sub-Sectors

  • Gas pipeline equipment
  • Midstream oil equipment, including oil and gas pipelines and storage
  • Equipment and services for offshore and onshore oil and gas exploration and production
  • Oil and gas terminal products
  • Gas station equipment, including for transportation
  • Oil and by-products 

Opportunities

The existing oil production operations and current and new oil and gas exploration licenses, both onshore and offshore, may represent good opportunities for U.S. oil and gas companies as well as affiliated oil and gas service providers.  To date, Shell has invested close to $350 million in blocks 2 and 3. The arrival of the Trans-Adriatic Pipeline may create opportunities for salt-dome gas storage, thermal energy generation, the construction of other downstream gas infrastructure in the country as well as pipelines connecting the countries in the region. The Ionian-Adriatic Pipeline (IAP) is a proposed pipeline that would run from Fier in Albania through Montenegro, and Bosnia and Herzegovina, to Split in Croatia. A prospective pipeline linking Albania to Kosovo might also bring export opportunities in the future.

Oil exports also represent good opportunities as the country imports almost all of its refined oil products.

Web Resources

Trans Adriatic Pipeline
The National Natural Resource Energy
Ministry of Energy and Industry
Albpetrol
Shell Global
Bankers Petroleum LTD.
Transoil Group
San Leon Energy
Zenith Energy
Romanoport
La Petrolifera Italo Albanese

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Albania Energy Trade Development and Promotion