PGNiG plans new gas well in Norwegian Sea

PGNiG Upstream Norway as the first Polish company will drill a well in the Norwegian Sea as an operator, Polish gas monopolist PGNiG said on Tuesday.

PGNiG Upstream Norway, as an operator, will drill an exploration well in the PL838 concession area using a semi-submerged drilling platform.

"Our presence in Norway is developing according to plan. All our activities are focused on supplying natural gas to Poland through the Baltic Pipe gas pipeline as of 2022," said PGNiG CEO Piotr Woźniak.

He stressed that the company intends to actively participate in successive licencing rounds on the Norwegian market. "We are also conducting trade negotiations to gain new areas for hydrocarbon exploration and production," added Woźniak.

PGNiG Upstream Norway has shares in 20 exploration and production licences in Norway. It is the operator of two of them. The company manufactures hydrocarbons from five fields and has shares in two other fields under development.