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Shell sees significant oil discovery in Albania

Benet Kolek: MAY 24 2019

TIRANA (Reuters) – Shell Upstream Albania B.V. said on Friday initial tests showed “a flow potential of several thousand barrels of oil per day” from its Shpirag 4 well in central Albania, and it needed more work to determine its commercial volume.

“We are pleased that these initial tests have confirmed the potential of this discovery and look forward to growing our business in Albania,” Marc Gerrits, Shell’s Executive Vice-President of Exploration, said.

The Shpirag 4 well west of Berat had confirmed the flow potential of a significant light oil discovery, it added. read more

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