Fier, Albania - On the morning of December 21, 2024, under a rainbow-arched sky at the H27A platform of the Patos-Marinza Oilfield, the drilling rig stood tall as Bankers officially commenced its spudding ceremony. This momentous occasion marks the beginning of Bankers’ 2025 capacity-building journey.

Mr. Xiao Hongping, General Manager of Bankers, emphasized the “three new” aspects of this milestone:

1. New   Goals: Spudding signifies Bankers’ pursuit of returning to a   one-million-ton production target—a fresh starting point and a new   endeavor for all employees.

2. New   Partnerships: Bankers has brought in specialized directional equipment   and service providers who are pioneers in domestic drilling equipment and   steering services. Bankers is confident about these collaborations.

3. New   Equipment: Bankers will deploy new directional tools and centrifuges,   gradually achieving localization of its core drilling equipment.   Demonstrating a spirit of determination, Bankers aims to elevate domestic   brands onto the European stage, forging a standout reputation in the   market.

Looking ahead to 2025, Bankers anticipates notable achievements, with hopes to drill wells that produce over 100 tons per day and to raise the success rate in encountering premium oil-bearing strata. Remarkable progress is also expected in both thermal and cold recovery wells, alongside a firm commitment to zero-incident safety management.

Amid the resonating horn blast and the roar of the rig, the drill pipe—adorned with a red ribbon—slowly began to turn. This successful spud was made possible by days and nights of meticulous preparation by the project company and its partners. Bankers extends heartfelt gratitude to every collaborator whose dedication ensured a smooth start.

As the ceremony concluded, the Bankers team was brimming with energy and determination. Though December is drawing to a close, the company’s forward momentum continues unabated. Beneath the vibrant rainbow, Bankers conveys hope and best wishes to all employees and partners who support the project. Geo-Jade Petroleum Corporation remains a steadfast supporter, providing a strong backing for the Bankers team to welcome a bright new future and exciting achievements!