The Ministry
of Energy and Industry, through the National Agency of Natural Resources (AKBN)
has announced the opening of available onshore and offshore areas for petroleum
operation. In it announce the deadline for the
Areas
4, 5 and Dumre, C and Panaja are foresee for the 15.07.2015. Meanwhile for the onshore
and other offshore Areas, due to the consolidation of seismic data, to a postponed
period.

The Address for submitting the Applications is Agjensia
Kombetare e Burimeve Natyrore Bulevardi “Bajram Curri”, Blloku
“Vasil Shanto” Tirana, Albania www.akbn.gov.al to the attention to:
Mr. Dael Dervishi Tel +355 4 2257117 Fax +355 4 2257382

The application including all documents and materials
subject to application must be delivered in a sealed envelope delivered by
registered mail or in person at protocol department of AKBN. The envelope must
be clearly mark: Petroleum Exploration Project CONFIDENTIAL. There is no
application fee.

Presentation of applications shall be in accordance
with the provisions of Item IV below, taking into account the specific terms
and conditions specified in the “Petroleum Law”, No. 7746, date
28.07.1993, and the Decree of the President No. 782, date 22.02.1994.

For any additional information or clarification for
the application process you may contact: Agjensia Kombetare e Burimeve Natyrore
Bulevardi “Bajram Curri”, Blloku “Vasil Shanto” Tirana
Albania to the Att. Dael Dervishi Executive Director

Form of Presentation of Applications

1. An application will be presented in a sealed
envelope.

2. An applicant may present applications for more than
one Area, but each application will be made in a separate envelope.

3. A company or a group of companies may apply for a
contract

4. An application shall contain the following:

4.1 The contract area to which the application
applies.

4.2 In respect of each applicant:

4.2.A The name of the applicant in full.

4.2.B The nature of its business.

4.2.C The place of incorporation.

4.2.D The countries in which the applicant or
applicants operate.

4.2.E Evidence of the registration of the company,
financial standing and technical qualifications of the applicant, including the
most recent audited accounts, and those for the previous three years, of the
applicant and of any corporate body having control of such applicant.

4.3. The main terms proposed by the applicant in
respect of the major aspects of the model Production Sharing Agreement i.e.

4.3.A Duration of exploration periods.

4.3.B Minimum exploration work obligations and
financial commitments.

4.3.C Training and Administration Funds offered.

4.3.D Cost recovery and the net profit oil for
Contractor.

4.4. Each application may contain the applicant’s
technical evaluation of the area and an explanation of the adequacy of the
proposed minimum work commitment in support of the Contractor’s exploration
concepts for the area.

For more keep update with the EU & WBs / Albania Energy Investment Updates or visit the Official Page of ACERC.