PKN ORLEN and PGNiG, have discovered a new gas deposit in Wielkopolska. Results of a production test confirm a very good production rate of the well. Production potential of the deposit was estimated at 50 million m3 of natural gas per annum.

The deposit is located on the premises of a joint project area - Płotki in Wielkopolska within Śrem-Jarocin licence. It was discovered by Chwalęcin-1K well which final depth achieved 3050 m MD (1). The works were performed from the end of April of this year.

– Wielopolska is considered as a one of the most promising areas of Poland in field of exploration of natural gas deposits. Positive results of the production test confirmed that our upstream strategy works. We have been increasing national reserves step by step what have a beneficial impact for Poland’s energy security – said Daniel Obajtek – President of the Management Board of PKN ORLEN.

In the coming weeks PGNiG and ORLEN Upstream, from the ORLEN Group, will drill Komorze-3H/S1 well together. In addition, both companies prepare for development of Miłosław deposit which was discovered in May 2017. Finalisation of the investment and commencement of extraction are planned for the turn of the 2nd and 3rd quarter of 2019. PGNiG, which is an operator on the Płotki project, holds 51% of shares. ORLEN Upstream performs a role of partner with the remaining part of shares.

(1) MD (measured depth) - true length of the well measured from the ground level to the bottom of the well, taking the it’s curvature into consideration.

About PKN ORLEN

PKN ORLEN is a Polish company and one of Central Europe’s largest refiners of crude oil. We specialize in processing crude oil into world-class unleaded petrol, diesel, heating oil, and aviation fuel as well as plastics and other petroleum related products.

We hold licences for onshore and offshore oil and gas exploration throughout the country. One of our shared priorities is to appraise and exploit natural gas from unconventional plays. Our adopted development direction is to transform PKN ORLEN into a multiutility complex with a foothold in the power generation business.

About PGNIG

PGNiG (the Polish Oil and Gas Company) is the leader of the Polish natural gas market. Listed on the Warsaw Stock Exchange, the company’s core businesses include the exploration and production of natural gas and crude oil fields; the import, storage, and sale of natural gas; the distribution of gaseous and liquid fuels; and heat and electricity generation. PGNiG holds exploration and production licenses on the Norwegian Continental Shelf and in Pakistan. The exploration and production activity in Norway is carried out by PGNiG Upstream Norway. Munich-based PGNiG Supply & Trading is engaged in gas trading in Western Europe and operates an LNG trading office in London.