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Polish PGNiG boosts its output on the Norwegian Continental Shelf

Polish PGNiG boosts its output on the Norwegian Continental Shelf

Warsaw, November 13 - Neftegaz.RU. PGNiG Upstream Norway (PUN) and its licence partners have brought on stream another 3 wells in the Ærfugl field. This will enable the company to increase its total output of natural gas on the Norwegian Continental Shelf to almost 1 bcm in 2021.

PGNiG Upstream Norway has commenced production from 3 wells drilled in Phase 1 of the Ærfugl field development plan on the Norwegian Continental Shelf. Thus, 5 wells are operated in the field now: 3 drilled during Phase 1, one from Phase 2, and one test well (A-1 H).

PUN expects the total output from the 3 wells to reach 0.24 bcm of natural gas in 2021. Together with the yield from the other 2 wells, the volume of natural gas produced from Ærfugl and attributable to PGNiG will be 0.47 bcm then. Therefore, PGNiG’s total gas production on the Norwegian Continental Shelf may reach 0.94 bcm in 2021.

The Ærfugl field development plan envisages drilling 6 production wells in 2 phases, 3 in each phase. In April 2020, the 1st well from Phase 2 was brought on stream. The other 2 will be commissioned in 2021 – 2 years ahead of the original schedule. Once the entire licence development plan has been completed, Ærfugl’s annual gas output attributable to PGNiG’s Norwegian subsidiary will be 0.5 bcm in the peak period. The fuel will be transported to Poland via the Baltic Pipe, currently under construction.

The total recoverable reserves of the Ærfugl field are estimated at over 300 mboe, of which more than 254 mboe (incl. 29 bcm of gas) are still to be extracted.

PUN holds an 11.92% interest in the licence covering the Ærfugl field. The operator is Aker BP and the other partners are Equinor and Wintershall DEA.

Currently, PUN holds interests in 32 licences on the Norwegian Continental Shelf. The company produces crude oil and natural gas from 7 fields and conducts analytical and project work on another 5.

To read the news in Russian.

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