Norway.

Polish Oil and Gas Company has enriched its portfolio on the Norwegian Continental Shelf with new exploration licenses. It was awarded as part of the Awards in Predefined Areas (APA 2019) by the Norwegian Ministry of Petroleum and Energy. Thus, the number of concessions on the shelf in which the PGNiG Group holds shares increased […]

On 10 December Equinor completed the acquisition of a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. The company now has an interest in all three Bałtyk offshore wind development projects (MFW Bałtyk III, MFW Bałtyk II i MFW Bałtyk I.).

PGNiG Upstream Norway bought 10 percent shares in the PL636 and PL636B licenses in the North Sea from Pandion Energy, thus increasing its ownership in the Duva field to 30 percent.

Based to preliminary estimation, the recoverable resources of the Shrek discovery is in the range between 19 and 38 MMboe (million barrels of oil equivalent), as confirmed by the Norwegian Oil Directorate (NPD).

Sales of certain diesel models are in free-fall as Norwegians turn to Tesla and other makers of premium electric vehicles (EV), Rystad Energy finds. Norway is leading the global shift towards private EV transportation, with the highest EV ownership per capita in the world. More than one in two new cars sold in country this […]

Within two years, PGNiG will increase its natural gas and crude oil production by 13% and 12%, respectively. The Company expects that in 2021 it will produce 5.2 bcm of natural gas and approximately 1.4 million tonnes of crude oil both in Poland and abroad.

PGNiG Upstream Norway has acquired 20 percent shares in the Duva field – PL 636 and PL636B licenses – from Wellesley Petroleum AS. First production is expected at the turn of 2020 and 2021.

PGNiG Upstream Norway and its partners decided to move to Select Phase of the project during which key technical decisions regarding the field development will be made. This will lead to a final selection of the development concept scheduled for Q3 2020.

PGNiG Upstream Norway will acquire 22.2 percent of shares in King Lear field – PL146 and PL333 licenses – from Total E&P Norge. The volume of production in the part attributable to PGNiG may reach 0.25 bcm of natural gas annually. The production start is planned for 2025.

The first well is expected to start production in June 2020. By the end of the year the next three wells will commence production. The Ærfugl project will be developed using innovative technical solutions.