The Exploration and Production segment covers the entire process of oil and gas production starting from geophysical surveys prior to the exploration phase until field operation and product preparation for marketing. Our presence in the gas and oil production segment makes PGNiG a competitive player on the liberalised gas market. A portion of the gas we sell is produced at costs lower than the prices of imported gas. Thus, we may to a certain degree stave off the effects of rises in imported gas prices, driven by growing prices of oil derivatives to which the gas prices are index.
Two of our branches, the Zielona Góra Branch and the Sanok Branch, produce natural gas and crude oil in Poland.
PGNiG companies carry out natural gas and crude oil exploration and drilling works in Poland and many countries all over the world, including: Denmark, Egypt, Germany, Hungary, India, Yemen, Kazakhstan, Pakistan and Ukraine.
| KEY FINANCIAL DATA | ||||||
| PLN m |
2009 |
2008 |
2007 | 2006 | 2005 | |
| Revenues |
3,201 |
3,245 |
3,529 |
2,968 |
2,583 |
|
| Costs |
(2,865) |
(2,327) |
(2,510) | (1,981) |
(1,827) | |
| EBIT |
337 |
918 |
1,019 |
988 |
756 |
|
| Assets |
11,063 |
10,007 |
9,059 |
7,786 |
7,584 |
|