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Terraoil Swiss OWNS AND OPERATES CONVENTIONAL OIL FIELDS LOCATED IN A PROLIFIC REGION ONSHORE WESTERN ALBANIA.
Terraoil Swiss has established a strong foothold in Albania since 2011 with the operational takeover and Production Sharing Agreement (PSA) of the Visoka oilfield. Since then, Terraoil has produced over one million barrels of oil just from Visoka. This impressive entrepreneurial performance motivated the Albanian government to select Terraoil as the best foreign investor by the Albanian government in 2016. Terraoil adjusted its strategy for the pandemic environment and has made several decisions by the Board of Directors. This has led Terraoil to implementing an acquisition and development strategy to increase production of 2P reserves to over 20,000 bopd over the next few years. Abroad is screening additional producing oil and gas acquisition targets in Europe and Abroad.
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