Bankers Petroleum Ltd. (Bankers) is a Geo-Jade company, an international oil exploration and production company committed the responsible development of its world-class oil assets. With our technical based in Calgary, Alberta, and head office in Beijing, Bankers is an independent business unit operating its Albanian and eastern European assets. Bankers has built an experienced technical team over the past 12 years, that is applying world-class heavy-oil extraction techniques to develop Patos-Marinza, in Albania, the largest onshore oilfield in Europe.
Profile & Structure
At Bankers, we work hard to position ourselves as the partner of choice for Albania to operate the Country’s largest resource. Bankers has been able to use its expertise to produce more today than in the over 85 year history of the field. Over the past ten years Bankers has grown to be the largest foreign direct investor, the largest tax payer in Albania, and one of the largest employers. We have invested over $1.7 billion in Albania, more than doubled our reserves, and grown production to a peak of over 20,000 bopd prior to the fall in oil prices.
While we are proud of our achievements to date, we continue to focus on executing our primary drilling, expanding our product margin, and the application of enhanced oil recovery techniques. Bankers is engineering our momentum for many years to come.