RE: Bankers 2012 Goodnews ..-- Drilling of 100 horizontal and vertical wells and completion of 60 well reactivations and workovers at the Patos-Marinza oilfield. -- Continuing the water disposal capacity expansion with additional water disposal drills and water control initiative with over 200 well isolations. -- Continuing the thermal pilot operations and drilling additional core wells for assessing future thermal development plans. -- Initiating social and environmental impact assessments, land permitting and material orders for the 35 kilometer second phase of the 70,000 bopd capacity pipeline from the Fier Hub to the Vlore export terminal with construction beginning in 2013. -- Expanding waterflood activities at the Kuà§ova oilfield with 5 injector conversions and 13 production reactivation wells. -- Drilling of 2 exploration wells on Block "F". -- Continuing with the environmental stewardship and social initiatives in our area of operations..
.Bankers petroleum (BNK) is Producing More Oil Every year and in 2012 with Brent Oil Selling for $126 Barrel Cash Flow getting even Better BNK The Patos-Marinza oilfield is located in south central Albania, approximately 20 kilometres inland from the Adriatic coast. In terms of original oil in place, Patos Marinza is one of the largest onshore oilfields in continental Europe. The field, which encompasses approximately 44,000 acres, was originally discovered in 1928 and placed on production in the 1930s. Over 2,500 wells were drilled and production peaked at 13,000 bopd in the early 1960s.
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