Patos Marinza
Encyclopedia
Patos Marinza is an Albania
n oil field
that was discovered in 1928. It is the biggest on-shore oil field in Europe, and with its 11854 barrels (1,884.6 m³) every day the biggest oil producing field in Albania.. The Patos Marinza oil field is located 10 kilometres (6 mi) east of the city of Fier
in south central Albania. Its proven reserves are about 2 Goilbbl. Patos Marinzas has only heavy oil
and is in production since the 1930s. It produce 8282 oilbbl/d.
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.
Albania
Albania , officially known as the Republic of Albania , is a country in Southeastern Europe, in the Balkans region. It is bordered by Montenegro to the northwest, Kosovo to the northeast, the Republic of Macedonia to the east and Greece to the south and southeast. It has a coast on the Adriatic Sea...
n oil field
Oil field
An oil field is a region with an abundance of oil wells extracting petroleum from below ground. Because the oil reservoirs typically extend over a large area, possibly several hundred kilometres across, full exploitation entails multiple wells scattered across the area...
that was discovered in 1928. It is the biggest on-shore oil field in Europe, and with its 11854 barrels (1,884.6 m³) every day the biggest oil producing field in Albania.. The Patos Marinza oil field is located 10 kilometres (6 mi) east of the city of Fier
Fier
Fieri is a city in southwest Albania, in the district and county of the same name. It is located at , and has a population of 82,297 . Fier is from the ruins of the ancient Greek city of Apollonia.-History :...
in south central Albania. Its proven reserves are about 2 Goilbbl. Patos Marinzas has only heavy oil
Heavy crude oil
Heavy crude oil or extra heavy crude oil is any type of crude oil which does not flow easily. It is referred to as "heavy" because its density or specific gravity is higher than that of light crude oil. Heavy crude oil has been defined as any liquid petroleum with an API gravity less than 20°.Extra...
and is in production since the 1930s. It produce 8282 oilbbl/d.
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.
Stactics
- Contingent resource for 2010 is 1.2 Goilbbl, compared to 838 Moilbbl in 2009
- Prospective resource for 2010 is 568 Moilbbl, compared to 384 Moilbbl in 2009