Polish oil & gas prospector expands Norwegian drillings

Poland's PGNiG prospecting company has the Norwegian government's permission to buy into the Duva oil and gas bed on the Norwegian Shelf.

Norway's green light in the matter follows a July agreement between PGNiG Norway Upstream and the Wellesley Petroleum AS company on the purchase by PGNiG Norway of a 20-percent share in two Duva prospecting licences owned by Wellesley.

PGNiG plans at least three drillings on the new Duva sites, to start in 2020, and hopes to extract up to 30 thousand barrels of oil and 0.13 billion cubic metres of gas annually from the beds.

According to the Norwegian Petroleum Directorate the Duva bed contains about 8.4 billion cubic metres of gas, 3.7 million cubic metres of oil and one million tonnes of natural gas liquids (NGL).