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Another 4 licenses for Polish PGNiG in Norway

As a result, the number of licenses in Norway, in which the PGNiG Group holds shares, will increase to 62

Another 4 licenses for Polish PGNiG in Norway

Source: Pixabay

Warsaw, January 20 - Neftegaz.RU. Poland´s PGNiG has obtained 4 new license areas for development on the Norwegian Continental Shelf.
Over 30 oil companies from all over the world competed for them.
PGNiG will act as the operator in case of 3 of the 4 newly acquired licenses.

As a result of the annual licensing round (APA 2021), the Norwegian government eventually granted shares in more than 60 production licenses to 28 companies.
PGNiG Upstream Norway applied for shares in 4 licenses and succeeded in receiving four.

Paweł Majewski, President of the PGNiG Management Board, said:
  • We are consistently developing our business on the Norwegian shelf
  • We want to produce as much of our own natural gas as possible there, which will then be delivered to Poland
  • That is why we are expanding our license portfolio in Norway – both through acquisitions, but also through regular participation in license rounds
2 of the newly awarded licenses are located in the North Sea.
In case of license PL1135, it will cover 70 % of shares, the remaining shares will belong to Lotos.

In the license application it was named Sanok – after a town in Poland where PGNiG holds one of its upstream branches.
In case of the PL1136 license, PGNiG Upstream Norway will share interests equally with Equinor, but will retain the operator status.

The other 2 license applications from PGNiG concerned areas adjacent to the fields under development, and thus, in a way, extending the existing license areas.
In case of the PL1055C license, PGNiG Upstream Norway will take up 60% of the shares and the role of operator, and the remaining shares will belong to Shell.

In case of PL941B, PGNiG Upstream Norway will acquire 20%, and the operator’s role with 80% of shares will be taken over by Aker BP.
The license is located near the Skarv field, from which PGNiG's operations in Norway began.

Source : Neftegaz.RU


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