PKN and PGNiG Extend Cooperation in Search for Polish Oil, Gas


WARSAW, July 20 (Reuters) – Poland's dominant gas firm PGNiG and No.1 refiner PKN Orlen have joined forces in the search for gas and oil deposits in the mountains of south-eastern Poland, PKN said in a statement on Monday.

Orlen Upstream has signed a deal with PGNiG under which both firms are to conduct research on eight exploration licences near the Bieszczady mountains. Both firms have already worked together in parts of Poland.

Poland is trying to reduce its reliance on imported energy from Russia, but still more than a half of the gas it consumes is imported from its former imperial master. The dependency is even bigger in terms of oil.

Poland had expected to find huge shale gas deposits but these hopes have faded and major energy firms including Chevron , and Total have pulled out of shale gas exploration concessions.

(Reporting by Marcin Goclowski; Editing by Christian Lowe)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Maintenance Controls Technician
Expertise: Maintenance Technician|Rig Mechanic
Location: Eighty Four, PA
Maintenance Supervisor - Drilling
Expertise: Maintenance Manager|Rig Mechanic
Location: Eighty Four, PA
Whipstock Welder
Expertise: Rig Welder|Welding|Workshop
Location: Lafayette, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours