Patos Marinza is an Albanian oil field that was discovered in 1928.[2] It is the biggest on-shore oil field in Europe, and with its 11,854 barrels (1,884.6 m3) every day the biggest oil producing field in Albania.[3] The Patos Marinza oil field is located 10 kilometres (6 mi) east of the city of Fier in south central Albania.[4] Its proven reserves are about 2 billion barrels (320×10^6 m3).[5] Patos Marinzas has only heavy oil and is in production since the 1930s.[2] It produce 8,282 barrels per day (1,316.7 m3/d).[6]
A new agreement, made in 2010, requires a US$1 million signing bonus and a seven-year contract with three exploration periods. Commitments on the block during the first exploration period of three years include $1 million in expenditure for seismic and $4 million for the drilling of two wells.[7] [8]
Statistics
- Contingent resource for 2010 is 1.2 billion barrels (190,000,000 m3), compared to 838 million barrels (133,200,000 m3) in 2009[9]
- Prospective resource for 2010 is 568 million barrels (90,300,000 m3), compared to 384 million barrels (61,100,000 m3) in 2009[9]
See also
External links
References
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| | Oil and Gas |
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| | Pipelines | |
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| | Oil refiner | |
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| | Hydroelectric | |
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| | Windfarms | |
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| | Thermal | |
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