Polish oil and gas companies obtain new production licenses in Norway

Poland’s oil and gas giant PGNiG obtained four production licences on the Norwegian continental shelf, while Poland’s second biggest fuel company Lotos gained three during the annual licensing round held by the Norwegian Ministry of Petroleum and Energy.

The Norwegian Ministry of Petroleum and Energy offered 61 production licenses to 30 companies on the Norwegian continental shelf in the Award in Pre-Defined Areas 2020 (APA 2020).

The 61 production licenses were located in the North Sea (34), the Norwegian Sea (24) and the Barents Sea (3).

PGNiG Upstream Norway, owned by Poland’s PGNiG gas giant, was been granted PL146B and PL1088 licences with 22.2-percent stakes in each of them. The remaining 77.8-percent stakes are owned by Aker BP.

PGNiG Upstream Norway also purchased a 30-percent stake in the PL1123 licence in the King Lear field in the North Sea. A 30-percent stake was given to Aker BP, and a 40-percent stake to ConocoPhillips Scandinavia, which will be the field’s operator. PGNiG Upstream Norway will also have an 11.9175-percent stake near the Skarv field in the Norwegian sea.

Before the new purchases, PGNiG had had stakes in 32 licences estimated at 200 million barrels of oil equivalent (BOE). According to PGNiG’s estimates, its gas output in the Norwegian shelf is likely to reach 0.9 billion cubic metres in 2021.

Lotos Exploration will receive a 50-percent stake in the PL1098 licence, a 30-percent stake in the PL1099 and a 20-percent stake in the PL1091 licence.

Up until the last round, Lotos had had 29 licences on the Norwegian shelf.