Polish gas monopolist to extract 115,000 tonnes of crude oil at Skogul

Jakub Kamiński/PAP

Polish gas monopolist PGNiG plans to extract 115,000 of crude oil from the Skogul deposit in Norway in 2020, PGNiG reported in a communique on Monday.

The company informed that hydrocarbon deposits at Skogul, owned by PGNiG Upstream Norway, are estimated at 3.3 million boe (barrel of oil equivalent).

PGNiG has a 35-percent share in the Skogul deposit through its subsidiary, PGNiG Upstream Norway. A 65-percent share is owned by Aker BP, the Skogul deposit operator.

PGNiG, which has been conducting operations in Norway since 2007, has been currently extracting crude oil and natural gas from seven deposits in Norway. PGNiG Upstream Norway owns shares in 31 exploration licences on the Norwegian Shelf.