Eni re-enters Albania with commitment to explore Dumre Block

Eni has re-entered Albania with a production sharing contract to explore, with a 100% equity interest, the Dumre Block onshore Albania, following a competitive bid launched in September 2019 by the Albanian National Agency for Natural Resources (AKBN).

As operator through a new subsidiary, Eni Albania, the company committed to drill an exploration well on the 587-square kilometre block, which lies 40 kilometres south of the capital Tirana.

No timeframe was reported.

Eni was present in Albania in the early ’90s. It was awarded two offshore exploration blocks, Adriatiku-2 and Adriatiku-4, where, after drilling 3 wells with non-commercial results, the company left the country in 1999.

Source: Oil & Gas Journal