Type | Petroleum production marketing |
---|---|
Founded | 1999 |
Headquarters | , |
Key people | Florian Muçaj(Administrator) |
Website | Official Website |
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.
In 1918, Italian geologist Leo Madalena drilled the first Albanian oil well near Drashovica (Vlorë). The well reached a depth of 200 meters and, despite the small amount of oil produced, received positive results. The results attracted the attention of major oil companies, such as Anglo-Persian APOC Oil Company and American Standard Oil.
Since 1918, more than 5,650 oil and gas wells have been drilled in Albania. 500 natural gas wells have been drilled, with 255 producing natural gas, and five oil fields have 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.
In 1974, Albpetrol achieved their maximum oil production, at 250,000 tons of oil/year (or 6,165 tons of oil/day equivalent to 38,408 barrels/day). Albpetrol's highest gas production was in 1982, at 940,000,000 Nm3 gas/year (or 2,575,342 Nm3 gas/day). In the 1970s and 80s, the oil industry was made of 34 enterprises who employed almost 25,000 employees, of which 2,800 where medium or senior specialists. In the latter part of 2013, several oil and gas fields were discovered and put in operation, including three oil and four natural gas fields in sandy layers and nine oil and one gas condensing oil field in limestone.
Before 1990, Albpetrol JSC was one of the largest subsidiaries of the Albanian State and one of the largest producers of revenue in the state budget. The transition from communism brought setbacks and reductions of society activity for Albpetrol. In the mid-1990s, a number of international oil companies came to Albania and took, by concession, the oil fields administered by Albpetrol. This changed the role of the company, which today not only produces oil, but serves 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 an important role in the Albanian economy, not only because it employs a significant number of workers, but also for the supplemental revenue the industry supplies the state.
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:
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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.
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure.
The economy of Albania went through a process of transition from a centralized economy to a market-based economy on the principles of the free market.
Petroleum geology is the study of origin, occurrence, movement, accumulation, and exploration of hydrocarbon fuels. It refers to the specific set of geological disciplines that are applied to the search for hydrocarbons.
An oil well is a drillhole boring in Earth that is designed to bring petroleum oil hydrocarbons to the surface. Usually some natural gas is released as associated petroleum gas along with the oil. A well that is designed to produce only gas may be termed a gas well. Wells are created by drilling down into an oil or gas reserve that is then mounted with an extraction device such as a pumpjack which allows extraction from the reserve. Creating the wells can be an expensive process, costing at least hundreds of thousands of dollars, and costing much more when in hard to reach areas, e.g., when creating offshore oil platforms. The process of modern drilling for wells first started in the 19th century, but was made more efficient with advances to oil drilling rigs during the 20th century.
Hydrocarbon exploration is the search by petroleum geologists and geophysicists for deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth's crust using petroleum geology.
Patos 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, 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.
Kuçovë is a municipality in south-central Albania. It was formed at the 2015 local government reform by the merger of the former municipalities Kozare, Kuçovë, Lumas and Perondi, which all became municipal units. The seat of the municipality is the town of Kuçovë. The total population is 31,262, in a total area of 160.33 km2 (61.90 sq mi). The population of the former municipality at the 2011 census was 12,654.
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations.
Mittelplate is Germany's largest oil field, 7 km (4.3 mi) from the shore, in the environmentally important Schleswig-Holstein Wadden Sea National Parks tidal flats. The development of the field was done by a consortium of RWE Dea and Wintershall. By the 20th anniversary of the start of production, 20 million tonnes of crude had been produced from the field. Mittelplate field holds nearly 65% of Germany's crude oil reserves.
Petroleum is a fossil fuel that can be drawn from beneath the earth's surface. Reservoirs of petroleum are formed through the mixture of plants, algae, and sediments in shallow seas under high pressure. Petroleum is mostly recovered from oil drilling. Seismic surveys and other methods are used to locate oil reservoirs. Oil rigs and oil platforms are used to drill long holes into the earth to create an oil well and extract petroleum. After extraction, oil is refined to make gasoline and other products such as tires and refrigerators. Extraction of petroleum can be dangerous and have led to oil spills.
While the local use of oil goes back many centuries, the modern petroleum industry along with its outputs and modern applications are of a recent origin. Petroleum's status as a key component of politics, society, and technology has its roots in the coal and kerosene industry of the late 19th century. One of the earliest instances of this is the refining of paraffin from crude oil. Abraham Gesner, developed a process to refine a liquid fuel from coal, bitumen and oil shale, it burned more cleanly and was cheaper than whale oil. James Young in 1847 noticed a natural petroleum seepage when he distilled a light thin oil suitable for use as lamp oil, at the same time obtaining a thicker oil suitable for lubricating machinery. The world's first refineries and modern oil wells were established in the mid-19th century. While petroleum industries developed in several countries during the nineteenth century, the two giants were the United States and the Russian Empire, specifically that part of it that today forms the territory of independent Azerbaijan. Together, these two countries produced 97% of the world's oil over the course of the nineteenth century.
According to the United States Energy Information Administration (EIA), Pakistan may have over 9 billion barrels (1.4×109 cubic metres) of petroleum oil and 105 trillion cubic feet (3.0 trillion cubic metres) in natural gas (including shale gas) reserves.
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The impact of the petroleum industry has been increasing globally as China ranks seventh for oil production and second in crude oil consumption in the world.
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Krishna Godavari Basin is a peri-cratonic passive margin basin in India. It is spread across more than 50,000 square kilometres in the Krishna River and Godavari River basins in Andhra Pradesh. The site is known for the D-6 block where Reliance Industries discovered the biggest natural gas reserves in India in 2003.
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 11,854 barrels (1,884.6 m3) per day the biggest oil producing field in Albania. The Patos Marinëz oil field is located 10 kilometres (6 mi) east of the city of Fier in south central Albania. Its proven reserves are about 2 billion barrels. Patos Marinëz has only heavy oil and is in production since the 1930s.
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, 30 kilometres (19 mi) east of the city of Fier in south central Albania. Its proven reserves are about 490 million barrels.
Rex International Holding is an oil and gas company headquartered in Singapore. The company's main activity is in offshore oil and gas exploration and production in assets located in Oman and Norway.
According to the United States Energy Information Administration (EIA), Pakistan may have over 9 billion barrels (1.4×109 cubic metres) of petroleum oil and 105 trillion cubic feet (3.0 trillion cubic metres) in natural gas (including shale gas) reserves.