Stream O&G Gets Govt Nod for Albania Field Development

Stream O&G announced that the Ministry of Economy, Trade and Energy of Albania has given its official and final approval for the execution of the Plans of Development for the Ballsh-Hekal, Cakran-Mollaj and Gorisht-Kocul oil fields.

"This is great news for our Company as it supports the positive growth accomplished over the past few months and gives confidence to our team to continue with the execution of our goals and strategy for the benefit of our shareholders," said Dr. Sotirios Kapotas, President and CEO.

The Plans of Development define the work and expenditures over the duration of the License period (25 years + multiple 5 year extensions) giving the company the right to extensively develop these assets with conventional and enhanced oil recovery mechanisms.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Logistics Coordinator
Expertise: Dispatcher|Logistics Management
Location: Tomball, TX
Compliance Technician
Expertise: Production Operator|Regulatory Compliance
Location: Louisiana, United States, LA
United States Tulsa: Associate Contract and Pricing Administrator - Order t
Expertise: Budget / Cost Control|Contracts Engineer
Location: Tulsa, OK
search for more jobs

Brent Crude Oil : $56.43/BBL 0.40%
Light Crude Oil : $50.55/BBL 0.27%
Natural Gas : $2.95/MMBtu 5.44%
Updated in last 24 hours