Wednesday, May 18, 2022

HomeOil & GasPGNiG acquires four additional licenses in Norway
Powered by

PGNiG acquires four additional licenses in Norway

Polish Oil and Gas Company (PGNiG) has obtained four new license areas for development on the Norwegian Continental Shelf. As a result, the number of licenses in Norway, in which the PGNiG Group holds shares will increase to 62.

Two of the newly awarded licenses that are located in the North Sea will be operated by PGNiG Upstream Norway. The other two license applications from PGNiG concern areas adjacent to the fields under development, therefore they extend the existing license areas.

“We are consistently developing our business on the Norwegian shelf. We want to produce as much of our own natural gas as possible there which will then be delivered to Poland. That is why we are expanding our license portfolio in Norway – both through acquisitions, but also through regular participation in license rounds”, commented Paweł Majewski, President of the PGNiG Management Board. 

“Being awarded four new licenses is proof of professionalism of our Norwegian staff because the Norwegian government grants license only to the best geologically and technically prepared applications. In addition, it is also important that we will be assigned the role of operator for three of the four new licenses. It is also a recognition of the competence of our specialists in Norway – they will manage the works related to the development of the fields covered by the new licenses”, he added.

Sign up to our biweekly newsletter

    Most Popular