According to TIRANA on May 24, Shell’s upstream Albanian B.V. company said on Friday that preliminary tests showed that its Shpirag 4 well in central Albania could produce thousands of barrels a day and more work was needed to determine its commercial production.
| PVA 1788 (PVA BP17) |
“We are pleased that these preliminary tests confirm the potential of this discovery and look forward to expanding our business in Albania,” said Marc Gerrits, executive vice president of Shell’s exploration business.
| PVA 1799 (PVA BF17) |
The company added that well Shpirag 4 West of Bellat confirmed the flow potential of a large number of light oil discoveries.
Shell Albania said that under the same geological conditions as Italy’s large Val d’Agri and Tempa Rossa oilfields, more evaluations were needed to assess Shpirag’s commercial production.
The company plans to conduct extended production testing of well Shpirag 4 and more drilling to assess well Shpirag 3 and explore other wells to test its potential.
| PVA FIBER |