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Shell bids to drill two Albanian onshore blocks

Jul. 23, 2015 9:54 AM ETShell plc (SHEL) StockSHELBy: Carl Surran, SA News Editor1 Comment
  • A venture between Royal Dutch Shell (RDS.A, RDS.B) and Canada's Petromanas reportedly has applied to drill two onshore blocks in central Albania close to another promising well they are drilling further south.
  • The Shell-Petromanas venture is now drilling two wells to size up the output potential after promising initial results at their Shpirag well, half a mile from the spot where Occidental found very little oil in 2001 and quit.

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