[ALBSA-Info] {QIKSH «ALBEUROPA»} Occidental Starts First Onshore Drilling In Albania

[Nikoll A Mirakaj]

Occidental Starts First Onshore Drilling In Albania 

TIRANA, Dec 5, 2000 -- (Reuters) Occidental Petroleum Corp's Albanian unit started drilling for oil and gas in southern Albania on Monday, officials said.

Occidental of Albania (onshore-2) Ltd has entered a venture with Lundin Oil and U.S.-owned Forest Oil to drill the 4,000 meters (yards) deep well in Mbrezhdan in the Berat region in six months, an operation that will cost around $16 million.

The well, named Shpiragu 1, is Occidental's first onshore drilling in Albania.

It came to Albania in 1991 and has unsuccessfully drilled offshore on the Adriatic coast twice, once on its own and once in partnership with Austria's OMV .

(C)2000 Copyright Reuters Limited. 

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