To date, partnership operations had taken place in the areas of 15 licenses in western and south-eastern Poland. The cooperation included, among others, production of natural gas from seven deposits in the Greater Poland Province, and joint exploration and development works in other regions. Now, these operations may be expanded to new prospective areas.

“PGNiG intends to maintain the high level of investment in the exploration and production sector. The signed Letter of Intent will enable the exchange of experiences and the data collected by both companies in terms of the technology of reaching and intensification of production from deposits. This creates an opportunity to develop new concepts of operations on licences in the areas of planned cooperation,” said Piotr Woźniak, President of the Management Board of PGNiG.

“We are strengthening our exploration and production activities in Poland by steadily expanding the portfolio of upstream projects. We can bring our own experience to the cooperation with a partner, with which we have had years of joint operations. The joining of our potential increases the chances of positive results, and guarantees a range of synergies for both parties,” said Wojciech Jasiński, President of the Management Board of PKN ORLEN.

After a thorough analysis of information and geological data acquired in the areas covered by the Letter of Intent, the companies shall make the final investment decisions.