Albpetrol is managing more than 1200 oil wells in the existing settlements of Patos, Ballsh, Karbunarë, Kuçovë, Gorisht-Kocul, Cakran-Mollaj and Amonicë.

In 1918, Italian geologist Leo Madalena drilled the first Albanian oil well near Drashovica (Vlorë).

The well reached a depth of 200 meters and, despite the small amount of oil produced, received positive results.

Albpetrol JSC operates according to the norms and rules of the market economy, with the object: Research and production of the hydrocarbons which included a full cycle of seismic works, geological, engineering, geophysics, research, extraction, processing and petroleum products marketing.

The value of extractable reserves of 81.025.885 tons of oil, in terms of a qualitative improvement of the technology of exploitation of wells and oilfields, particularly the last 20 years, is reassessed "a priori" and the highest is thought to be 50-60 %, which means that the extractable reserves may be 110 to 120 million tons in total.

The fields of oil and gas, are located in the districts of Sarande, Vlore, Mallakaster, Fier, Lushnja and Kuçove.

The limited infrastructure of the local gas in some countries is outside the operating condition and major rehabilitation works are needed.

The activity of Albpetrol JSC Society is: The realization of the object of company activity shall be achieved through: Attributes of ex-APC (Albania Petroleum Corporation) in Tirana, dealing with the research-producing hydrocarbons passes Albpetrol JSC society, starting from 01/04/2003.

Environmental permit for the activity with spotting in the environments in the oil fields in Kuçovë Patos-Marinez (Drize + Goran) Ballesh Hekal, Amonicë Gorisht areas, in gas fields in Divjak - Lushnje, Frakull-Fier, Povelç - Fier, Finiq Sarand area, transmission network of oil and gas products, bituminous sand field Kasnice-Fier, Kuçovë and Patos Mechanical Plants.