Polish Briefing 8 February, 2018 9:00 am   
Editorial staff

Polish Briefing: The European Commission has notified the capacity market in Poland

What goes on in Poland on the 8th of February.

The European Commission has notified the capacity market in Poland

The Politico website reports that plans of supporting energy sectors in six EU countries, including Poland, through capacity market, have been approved by the European Commission. This information is confirmed by the Polish Press Agency. The communique was also published by the European Commission and the Ministry of Energy of Poland.

Under the EU state aid rules, the European Commission approved capacity mechanisms in Belgium, France, Germany, Greece, Italy and Poland. According to the Commission, they will contribute to guaranteeing the security of energy supplies while ensuring the protection of competition in the single market.

PGNiG starts drilling in the Fogelberg gas field

The well results will be used to precisely estimate the reserves and plan the development of the discovery, in which PGNiG Upstream Norway holds a 20% interest. The reserves have been preliminarily estimated to be about 60 mboe of natural gas and condensate.

“Fogelberg has significant gas potential. It is particularly important for our plans to ramp up natural gas production on the Norwegian Continental Shelf and to soon start bringing the gas to Poland. This supply source is key to our diversification strategy. Within the next few years, it should yield roughly 2,5 bcm of gas annually,” said Piotr Woźniak, President of the PGNiG SA Management Board.

Discovered in April 2010, Fogelberg is located in licence PL433 in the Norwegian Sea. The drilling operations are being supervised by Spirit Energy Norge, the licence operator holding a 51.7% interest. The other partners are Faroe Petroleum (28.3%) and PGNiG Upstream Norway.

The 6506/9-4S appraisal well will be drilled by the Island Innovator semi-submersible rig. The drilling operation will take around four months, including a contingent sidetrack and production test. It will help in precisely assessing the size of the discovery.