Prospects of development

Exploration in Poland

In 2016, PGNiG will carry out exploratory, geophysical and drilling work in Poland on a number of prospects in the Carpathian Mountains, Carpathian Foothills and the Polish Lowlands. The work will be conducted by PGNiG on its own or jointly with partners.

The Company also intends to pursue projects focused on exploring new opportunities, where little appraisal has so far been made. In Pomerania, fracturing is to be performed in two wells drilled in 2015. As part of exploration for tight gas, the Company is planning to drill wells both in the Polish Lowlands, the Carpathian Mountains, and Carpathian Foothills.

Exploration abroad

In 2016, in Pakistan, PGNiG will spud the Rehman-2 and Rehman-3 wells, and perform seismic work on the Rizq field. In the following years, under the Kirthar licence, the Company will perform work to gradually expand the capacity of the production installations as well as drilling work on the Rehman and Rizq fields. Furthermore, PGNiG plans to carry out exploration work within three potential fields: N2, W1 and W2.

Hydrocarbon production

In 2016, the PGNiG Group will conduct hydrocarbon production in Poland, in the Norwegian Continental Shelf, and in Pakistan. The Group is implementing an investment programme to maintain, in a long-term perspective, its natural gas production capacity. As part of the programme, the PGNiG Group plans to develop new deposits and wells, modernise and expand the existing gas production facilities, build new underground gas storage facilities and expand the existing ones.

In the Sanok Branch area, plans for 2016 include the hook-up of one new well on the Markowice field and hook-up of wells on the Przemyśl, Pruchnik-Pantalowice, Lubliniec, Przeworsk, Smolarzyny, Kielanówka-Rzeszów, Blizna-Ocieka, Draganowa, and Siedleczka fields.

In the Zielona Góra Branch area, production is to be launched from the new Karmin field (in partnership with Orlen Upstream) and from wells on the Gajewo, Brońsko, and Połęcko fields.

On the Norwegian Continental Shelf, PGNiG UI will continue to produce hydrocarbons from the Skarv, Vilje, Vale, and Morvin fields and will proceed with the development of the Snadd and Gina Krog fields. The company will continue its exploration work under the licences it currently holds. It may also decide to acquire new licence areas by participating in annual licensing rounds. The company may also acquire interests in other producing fields and in fields under development, and may become involved in infrastructure projects.

Polish Oil and Gas Company (PGNiG)
KRS 0000059492, NIP 525-000-80-28, share capital 5 900 000 000 PLN - fully paid
PGNiG Head Office 25 M. Kasprzaka St., 01-224 Warsaw
Phone: +48 22 589 45 55, fax : +48 22 691 82 73