What goes on in Poland on the 6th of May.
PGNiG prepares to drill its first well in the United Arab Emirates
PGNiG starts the second stage of exploration works in Ras Al Khaimah Emirate. The company is at the stage of making design and location arrangements for the first exploration well, which will provide an answer to the question about the production potential of the licence where PGNiG operates.
The project assumes drilling an exploration well to a maximum depth of about 3,500 metres. Its location will be determined on the basis of the results of the analysis of the three-dimensional seismic image. PGNiG is beginning preparations for tenders, which will select contractors for drilling and other services. The drilling is planned to commence in Q3 2022.
“The seismic surveys confirmed the probability of the presence of hydrocarbon deposits in the area of our licence. Detailed interpretation of the data will allow us to select a location which will give the best chance for a positive outcome of the drilling works,” said Paweł Majewski, President of the Management Board of PGNiG SA. “I am glad that thanks to our close cooperation with RAK GAS LLC, which is our licence partner, and the Ras Al Khaimah Petroleum Authority (RAKPA), which is the petroleum administration of the Emirate of Ras Al Khaimah, we can prepare a drilling plan and commence the second stage of exploration works on our licence,” added President Majewski.
Preparatory works connected with the organization of tenders were one of the topics discussed at the meeting of representatives of PGNiG and RAK GAS LLC held on Wednesday, May 5th in Warsaw.
Orlen and PGNiG will cooperate in the production of biomethane
Orlen Południe has signed a letter of intent with PGNiG on strengthening cooperation in the development of renewable energy sources. The companies plan to establish a special purpose vehicle that will invest in a network of biomethane plants. The facilities will use waste substrates and residues from the processing industry to generate environmentally friendly biomethane that could be used in industry or to generate energy. The implementation of the investment would be in line with the ORLEN2030 strategy whose goal is to develop low and zero-emission energy.
„We are strengthening the competences and position of the Orlen Group on the renewable energy market. We are joining forces with PGNiG to develop a new business line in the area of biomethane. The high potential of this clean, ecological fuel, which can become a source of green hydrogen, will enable the achievement of our strategic business goals, and will effectively contribute to the energy transformation of the Polish economy –Daniel Obajtek, President of PKN Orlen, said.
