The well results will be used to precisely estimate the reserves and plan the development of the discovery, in which PGNiG Upstream Norway holds a 20% interest. The reserves have been preliminarily estimated to be about 60 mboe of natural gas and condensate.

“Fogelberg has significant gas potential. It is particularly important for our plans to ramp up natural gas production on the Norwegian Continental Shelf and to soon start bringing the gas to Poland. This supply source is key to our diversification strategy. Within the next few years, it should yield roughly 2.5 bcm of gas annually,” said Piotr Woźniak, President of the PGNiG SA Management Board.

Discovered in April 2010, Fogelberg is located in licence PL433 in the Norwegian Sea. The drilling operations are being supervised by Spirit Energy Norge, the licence operator holding a 51.7% interest. The other partners are Faroe Petroleum (28.3%) and PGNiG Upstream Norway.

The 6506/9-4S appraisal well will be drilled by the Island Innovator semi-submersible rig. The drilling operation will take around four months, including a contingent sidetrack and production test. It will help in precisely assessing the size of the discovery.

PGNiG Upstream Norway currently holds interests in 21 exploration and production licences on the Norwegian Continental Shelf, acting under two of them as the operator. The PGNiG Group’s recoverable reserves in Norway, where it has been engaged in upstream projects since 2007, now total 83 mboe (January 1st 2018). It explores for oil and gas both in licence areas adjacent to existing fields and in less explored areas, where the potential for significant new gas discoveries is higher. The company intends to participate in future licensing rounds and is analysing opportunities to acquire further licences in Norway.

About PGNIG

Polish Oil and Gas Company (PGNiG) is the leader of the Polish natural gas market. Listed on the Warsaw Stock Exchange the company’s core business includes exploration and production of natural gas and crude oil fields. Its key subsidiaries import, store, sell and distributes gaseous and liquid fuels.
They also generate heat and electricity. PGNiG hold stake in about 30 companies including entities that provide professional geophysical, drilling and maintenance services.
PGNiG holds exploration and production licenses on the Norwegian Continental Shelf and in Pakistan. The exploration and production activity on the Norwegian Sea is carried out by PGNiG Upstream Norway. While Munich-based PGNiG Supply & Trading is engaged in gas trading in Western Europe.