Petrobaltic Company News

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Australia's Subsea Engineering Associates Bags Baltic Gas Project Contract
Tuesday, January 26, 2016 Australia's Subsea Engineering Associates bags a design, procurement and construction management contract for the Baltic Gas Project offshore Poland.

AGR Wins Excavation Gig for Petrobaltic Rig
Monday, February 28, 2011 AGR Drilling Services has signed contract to excavate three legs on LOTOS Petrobaltic's jack-up rig Baltic Beta.

Petrobaltic Snaps up LOTOS Exploration and Production Shares
Thursday, June 12, 2008 Grupa LOTOS SA entered into an agreement with Petrobaltic S.A. (in which Grupa LOTOS S.A. holds a 69% stake) to sell 8 million shares in LOTOS Exploration and Production Norge A.S., representing 20% of the share capital in this company.

Revus Sells 10% Stake in YME Re-Development Project to Lotus
Tuesday, May 20, 2008 Revus Energy announced the signing of a Sales and Purchase agreement with Lotos E&P Norge AS for sale of a 10% interest in production licenses 316, 316B, 316CS and 316DS, including the Yme re-development project.

Petrobaltic to Begin Production at Two New Fields
Friday, August 25, 2006 Petrobaltic plans to begin oil production at two new oilfields: B8 and B23, the estimated reserves of which are approximately 16 million cubic meters of crude oil. Both fields are located in the Polish economic zone of the Baltic Sea.