Orlen is completing the process of integrating companies producing crude oil and natural gas. The aim of this process is to improve operational efficiency, reduce costs and stabilize the level of gas production. Assets dispersed after the merger with Grupa Lotos and PGNiG will be integrated around the company Orlen Upstream Poland.
On November 19, Orlen Upstream Poland (formerly Orlen Upstream) was entered into the National Court Register. The decision of the Management Board and Supervisory Board to appoint an integrator of Polish exploration and production assets is a key step in the consolidation of the production segment. The aim of the activities is to create a strong structure that will maximize the economic and operational efficiency of domestic hydrocarbon resources.
– The upstream segment is one of the pillars of the Orlen Group’s operations. It has a significant and positive impact on the financial result, and at the same time plays a fundamental role in the implementation of the company’s strategic aspirations, which go hand in hand with the energy transformation of the national economy. Natural gas – as a bridge fuel – facilitates the transition from coal and supports the development of renewable energy sources, because gas-fired power plants are able to flexibly stabilize the system increasingly based on sources dependent on weather conditions. Thanks to our own extraction, we are able to ensure security of supply and effective evolution of the national economy towards climate neutrality – said Wiesław Prugar, Member of the Management Board for Upstream, Orlen.
In 2023, Orlen extracted over 40 percent of the natural gas consumed in Poland, using its own domestic and foreign deposits, with over half coming from domestic sources. Forecasts indicate a growing role of natural gas in ensuring stable energy supplies in Poland. Therefore, the priority of the domestic upstream segment in the Orlen Group is to maintain a high level of extraction in the coming years. To this end, the company is investing intensively in the exploration and exploitation of deposits, implementing modern technologies and relying on the experience of its upstream specialists.