Transatlantic Petroleum has launched a marketing process for the sale of its oil and gas assets in Albania.
The company said the move had been authorised by its board of directors and the marketing process will now be pursued.
A venture between Royal Dutch Shell and Canada's Petromanas has applied to drill two onshore blocks in central Albania close to another promising well they are drilling further south, an official said on Thursday.
The official said three bids had been submitted for the blocks - from Shell Upstream Albania B.V with Petromanas Albania GmbH, Israel's Delek Group Limited and Interland Investments SA.