On 2 May 2019 Shell signed a new contract with the Albanian Ministry of Infrastructure and Energy for its Blocks 02 & 03 license. Details on the new terms remained undisclosed but it is understood that the duration of the new production sharing contract (PSC) will be 25 years. Elements from the contract signed by Shell in 2017 for Block 4 were used to draft the new agreement. Block 02 encompasses the Shpiragu discovery which the company is currently appraising.  DWM Petroleum (a wholly-owned subsidiary of Manas Petroleum, now Petromanas) was awarded the Blocks 2 & 3 contract on 8 July 2009. The two blocks cover 1,371 sq km and 1,777 sq km respectively in central Albania. In May 2012 Shell acquired a 50% interest in the license and raised its participation in the contract to 75% in June 2013. Finally, Shell acquired all of Petromanas' Albanian assets in March 2016. 2P reserves related to the Shpiragu discovery are estimated at 136 MMbbl of oil and 580 Bcf of associated gas.  Shell Upstream Albania B.V. holds a 100% interest in the Blocks 2 & 3 license.
Shell signed a new contract with the Albanian Ministry of Infrastructure and Energy for its Blocks 02 & 03 license. Details on the new terms remained undisclosed but it is understood that the duration of the new production sharing contract (PSC) will be 25 years. 