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Transoilgroup AG, Switzerland is the Contractor under the Petroleum Production Agreement for the Visoka oilfield for 25 years from February 2012 extendable by a further 5 years to 2042. Transoilgroup SH.A, the Albanian subsidiary, is the Operator.

 

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The current production quantities for the next 7 years are sold under off-take agreement. With increasing production volumes there is a possibility for negotiation of further off-take.

 

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TRANSOILGROUP AG

Schönbüelpark 10

CH-9016 St. Gallen

Switzerland

Tel.: +41 (0) 71 544 01 20

Fax: +41 (0) 71 535 59 08