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Profile

 

Transoilgroup AG with Headoffice in St. Gallen, Switzerland is the Licenseholder under Production sharing Agreement for the Visoka oil field for 25 years from Fabruary 2012 extendable by futher 5 years to 2042.

Transoilgroup SH.A, die 100% Albanian subsidiary is the Operator of the Visoka oil field since February 2012.

Total number of employees: 150

 

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Strategy

 

In 2012 we invested in infrastructure, including roads required to access the wells, on site storage for the crude oil, pipelines to transport the crude oil within the oil field and office building for our staff and engineers. For 2012 our main focus was on testing the progressive cavity pumps (PCP’s) and stabilizing the oil field rather than increasing production.

In 2013, Transoilgroup, continued the testing of the PCP’s, stabilization of the oil field and building of infrastructure. Our production increased from 3 MT at the take-over date to over 60 MT per day in December 2013.

In 2015 we will focus on increasing the oil production in the field by drilling new wells and activating existing wells, as well as reducing costs and improve the infrastructure necessary to support export sales.

 

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Management

 

The Board of Directors of TRANSOILGROUP AG consists of 5 members. Two of the members are executive officers of the Company. All members are professionals with experience in industry, the economy and/or the oil business.

 

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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