PGNiG acquires interest in another gas field in the North Sea
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 and the Startup Hub Poland Foundation begin the second round of the Poland Prize governmental program
Polish Oil and Gas Company and Startup Hub Poland have invited to Poland another group of foreign startups offering innovative solutions for energy companies. The best startups will be given financial support and the opportunity to implement their projects in Poland. PGNiG is the strategic partner of the project.
PGNiG starts drilling new production well in Pakistan
Rizq-3 is the third well drilled by the Company in the Rizq field. PGNiG’s natural gas production in Pakistan is growing year by year.
Winner announced in batch one of Startup Hub Poland Prize
The winner has been announced in the first acceleration round of Poland Prize, a governmental programme for startups, coordinated by the Startup Hub Poland Foundation and supported by PGNiG. The winning startup is Spottitt, a UK-based company that has developed a system for analysing satellite images of the earth for optimal positioning of renewable energy power plants and other projects.
Moody’s upgrades PGNiG rating to Baa2, with stable outlook
Rating agency Moody’s justified its decision by referring to the strong financial standing of PGNiG, which the company would be able to maintain while implementing a major investment programme and with falling gas prices.
PGNiG Group leads in innovation in oil and gas exploration
Geofizyka Toruń SA of the PGNiG Group is the first company in Europe to employ new seismic data acquisition technologies in searching for hydrocarbon deposits. The company is replacing the hitherto used cabled geophone networks with ultra-lightweight wireless nodal sensors. Their small size and low weight allow to conduct exploration with no harm to the natural environment and local communities.
PGNiG confirms production potential of Poland’s largest gas field
Discovered in 2018, the new potential of Poland’s largest gas field Przemyśl estimated at 20 billion cubic meters of gas, has been confirmed by more wells, including the recent Przemyśl-304 K.
PGNiG and Venture Global LNG Agree New Purchase of 1.5 MTPA of LNG
In connection with the state visit of the President of Poland, Andrzej Duda to Washington D.C., the Polish Oil and Gas Company (PGNiG) has signed, in the Eisenhower Executive Office Building of the White House, an agreement with Venture Global LNG to purchase an additional 1.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG). United States Secretary of Energy, Rick Perry and Secretary of State for Strategic Energy Infrastructure of Poland, Piotr Naimski attended the signing ceremony.
Tommeliten Alpha Project passes important decision gate towards production in 2024
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 purchased interest in another gas field in Norway
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.