RUGGELL, LIECHTENSTEIN – EQS Newswire – 16 April 2024 – United Terra Enterprises PLC (together with Eurybia AG and its wholly owned Albanian subsidiary the “Group”) is pleased to announce that Albania’s National Agency of Natural Resources (“AKBN”) and state-run Albpetrol have approved the Work Plan and Budget for 2024 (“WPB”) proposed for the development of the Group’s operations at the Visoka oilfield in Albania. The main focus of the WPB is production optimization of selected wells through the installation of downhole and surface equipment and chemical stimulation to enhance productivity. Equipment for the commencement of the WPB has been ordered and received at the Group’s facilities in Albania and the initial wells are being prepared for the necessary upgrades.
Present at the Advisory Committee meeting were representatives from the Group, Albpetrol, AKBN…
