About us

About the developer

A Trusted Energy Partner in Albania

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

Regional Geological Background

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

  • 80s

    Discovery by DPNG (Albpetrol)

    First sub-thrust discovery in Albania. Sparse 2D seismic failed to map full extent.

  • 07

    PSA Signed — Stream Oil

    Production Sharing Agreement effective 24 August 2007. Exploration phase completes 2011.

  • 12

    Production Shut-in

    Wells D4, D12 produced 3.3 Bcf gas + 160 Mbbl condensate. Shut-in due to market and investment constraints.

  • 16

    DGC Takes Full Ownership

    Acquired from Transatlantic Oil. Performed one workover; operations suspended pending capital.

  • 20

    Developer Joins - 75% Equity

    Capital and technical partner. Executes 3 workovers + D12ST sidetrack drilling.

  • 22

    4-Stage Frack Stimulation

    D12ST fracking: 150,000–400,000 m³/day flow rates confirmed. GaffneyCline resource assessment completed.

  • 25+

    Phase 1 Commercialisation & Farm-Out

    LNG 120–150T/day. New drill D34 planned 2026–27. Danubian Energy 2025 assessment: 644 Bscf (2C).

Two Routes to Entry

Farm-In or Full Acquisition

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

50% Participating Interest

Including operatorship option

$150MM $120MM entry + $30MM carry

Farm-In Option B

Up to 80% Working Interest

Seller retains 20% carried

Negotiable $60MM sunk cost recognised

PSA Term

11 Years

To 2036, +5yr ext.

Sunk Cost

~$60MM

For cost recovery

Profit Tax

50%

After cost recovery

Royalty

10%

On gross revenues

Board & Management

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.

Erik H. Frens

Delvina Gas Company LTD

David Johnson

Delvina Gas Company LTD

Technical Lead

Reservoir Engineering

Country Manager

Albania Operations

Ready to Explore the Delvina Gas Opportunity?

Contact our team to request access to the virtual data room, arrange a technical briefing, or discuss farm-in terms directly.

Request Data Room Access Contact us