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.

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.

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.

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.

The technology for pre-mining extraction of coal bed methane using hydraulic fracturing was awarded the prestigious Teraz Polska Badge of Quality in the 12th edition of the Innovation Projects Competition. The method was developed by a consortium comprising Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) and the Polish Geological Institute – National Research Institute (PGI-NRI).

The Operating Branch of Polish Oil and Gas Company in Pakistan started drilling the Rehman-6 production well in the Rehman field.

The Group’s revenue rose to PLN 14.34bn in the first three months of the year, with consolidated EBITDA at PLN 2.16bn and EBIT at PLN 1.38bn. Net profit earned by the Group came to PLN 1.06bn.