Farm-In Opportunity · Onshore Albania
Why Delvina Gas
First sub-thrust carbonate discovery in the country — a play type proven across major Albanian fields, now unlocked by modern drilling and stimulation techniques.
GaffneyCline-confirmed mean recoverable resources of 425 Bcf gas and 8.5 MMBo condensate. Danubian Energy 2025 assessment yields 644 Bscf (2C/P50).
Albania hosts the Trans-Adriatic Pipeline (TAP), connecting production directly to Italian and Greek markets. A 100 km legacy pipeline right-of-way also available for refurbishment.
Fully tested gas sour plant at Del-10 site, processing up to 500,000 m³/day. Processed gas delivers <5 ppm H₂S — Phase 1 ready.
Phase 1 investment of ~$55–60MM with payout expected within 2.0–2.5 years of LNG commercial sales commencing.
Development Period under PSA runs to 2036, with a 5-year extension option. Up to $60MM of pre-existing sunk cost recognised for cost recovery.
About the developer
Our main objective is to develop the field and carry out natural gas activities in Albania. We plan to produce more cleaner-burning natural gas to meet the growing local demand.
Furthermore, we intend to use the natural gas in the production of CNG (Compressed Natural Gas) and LNG (Liquid Natural Gas). Our goal is to start drilling more wells to increase the quantity produced.
Geology
The Delvina Block sits within the Ionian Zone, a prolific hydrocarbon province in southern Albania’s Adriatic Basin. The reservoir comprises fractured Paleogene–Cretaceous basinal carbonates developed as a sub-thrust play. Average reservoir depth: 2,800–3,500m SS, with ~700m proven gross thickness.
Exploration & Development History
First sub-thrust discovery in Albania. Sparse 2D seismic failed to map full extent.
Production Sharing Agreement effective 24 August 2007. Exploration phase completes 2011.
Wells D4, D12 produced 3.3 Bcf gas + 160 Mbbl condensate. Shut-in due to market and investment constraints.
Acquired from Transatlantic Oil. Performed one workover; operations suspended pending capital.
Capital and technical partner. Executes 3 workovers + D12ST sidetrack drilling.
D12ST fracking: 150,000–400,000 m³/day flow rates confirmed. GaffneyCline resource assessment completed.
LNG 120–150T/day. New drill D34 planned 2026–27. Danubian Energy 2025 assessment: 644 Bscf (2C).
The Delvina field's resources have been independently assessed and confirmed by GaffneyCline (2021) and updated by Danubian Energy (2025), incorporating D12ST sidetrack results and four-stage fracking stimulation data.
Independent Assessment
GaffneyCline report (11/2021) · Confirmed by Danubian Energy (2025)
Unit: Bscf
Delvina North exploration lead - requires new 2D/3D seismic
Phase 1 & Phase 2
Phase 1: 2024–2027
Phase 2: 2027–2036
Two Routes to Entry
Delvina Gas Company and its partners are seeking a farm-in partner or full acquirer to advance Phase 1 commercialisation and accelerate the transition to full field development.
Farm-In Option A
Including operatorship option
Farm-In Option B
Seller retains 20% carried
PSA Term
To 2036, +5yr ext.
Sunk Cost
For cost recovery
Profit Tax
After cost recovery
Royalty
On gross revenues
The Delvina Gas team combines decades of Albanian energy sector experience with international petroleum engineering expertise. Since taking operational leadership in 2020, the team has transformed a dormant discovery into a commercially viable, production-ready asset through rigorous subsurface work, innovative stimulation techniques, and hands-on project management.
Delvina Gas Company LTD
Delvina Gas Company LTD
Reservoir Engineering
Albania Operations
Contact our team to request access to the virtual data room, arrange a technical briefing, or discuss farm-in terms directly.