The development of the field in the Norwegian Sea enters the second phase. Additional three production wells will be drilled next year. This means that starting from 2020 the extraction of natural gas from the Ærfugl deposit will be greater.
The Danish shipyard Karstensens Skibsværft A/S announced in June the establishment of a subsidiary in Gdynia under the name Karstensen Shipyard Poland. It will be building hulls in Poland for large fishing vessels to be outfitted by a Danish company.
Located in the North Sea the Gina Krog field was brought on stream on June 30, 2017. PGNiG Upstream Norway is one of the four consortium partners, holding an 8% interest in the licence. The field’s recoverable reserves have been put at 218 million boe, the figure equal to last […]
In the first half of 2016, the PGNiG Group (Polskie Górnictwo Naftowe i Gazownictwo – Polish Oil and Gas Company) earned net profit of nearly PLN 1.3bn (approx. EUR 325m) which is PLN 594m less than a year earlier. The Group’s revenue was PLN 17.3bn, down PLN 3bn year on […]