“The discovery of new gas resources in the immediate vicinity of the Gina Krog field will not only allow ORLEN Group to increase natural gas production, but will also improve profitability indicators and help extend the field lifetime of the Gina Krog asset. We have a modern and well-developed production infrastructure at the site, so launching the exploitation of new resources will be possible with little investment and in a very short time. The exploitation of these resources will not lead to additional CO2 emissions because the Gina Krog field is powered by hydroelectric power from shore from September 2023. This is an example of the successful implementation of our development strategy on the Norwegian Continental Shelf, which is the key foreign market for the ORLEN Group in terms of oil and gas production development. By 2030, we plan to increase the amount of gas produced to 12 billion cubic meters per year, half of which will come from Norway. We want to achieve this target while reducing CO2 emissions per cubic meters of oil produced. Increasing the efficiency of the use of already existing infrastructure, such as in the case of Gina Krog, will contribute to this,” says Daniel Obajtek, President of the Management Board of ORLEN.
The estimated remaining mean reserves in Gina Krog (gross), including the Dougal discovery, are 13.0 million standard cubic meters of oil equivalents. To date, 17.0 million cubic meters of oil equivalents have already been extracted from the deposit.
Gina Krog is one of 19 fields currently exploited by PGNiG Upstream Norway. The company holds interests in 90 concessions and is currently ranked as the 6th largest concession owner on the Norwegian Continental Shelf. The company’s oil and gas reserves are more than 55 million standard cubic meters of oil equivalent. In terms of reserves and oil and gas production, PGNiG Upstream Norway ranks among the top ten companies, and in terms of gas reserves and gas production alone, it ranks 8th.
In 2022, the ORLEN Group companies produced 3.5 billion cubic meters of natural gas from their Norwegian fields, corresponding to more than 20 per cent of Poland’s demand for this raw material.
The operator of Gina Krog is Equinor Energy AS, which holds a 58.7 per cent interest. The other partners are KUFPEC Norway AS (30 per cent) and PGNiG Upstream Norway AS (11.3 per cent).