Bankers Petroleum boss eyes production ramp up in Albania

Published on 17th Nov 2015

David French, chief executive of Toronto and AIM listed Bankers Petroleum (LON:BNK) (TSX:BNK) says the firm is aiming to ramp up oil production from its Albania field to 30,000 bopd by 2020.

Speaking at the World Oil & Gas week in London, the CEO exlains that to date at Patos-Marinza, the largest onshore oilfield in Europe, the firm has invested over US$1.7bln dollars in Albania, more than doubled reserves and grown production to over 20,000 bopd.

The firm remains fully funded and cash generative, with margins of US$25 per barrel even with oil prices around US$50.

Energy
Add to favorites
Share with:

Related Videos

Latest

Recommended videos

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082.
You can contact us here.

Choose Proactive Region: