GDANSK, Poland—PGNiG, a unit of the Polish gas company, said on Aug. 12 that it and Aker BP have found new oil and natural gas deposits in the Norwegian Sea.
The company estimates the deposit at between 11 and 36 MMBoe, of which 20% is attributable to PGNiG, and said it plans to explore for further deposits nearby.
“Norway is our priority when it comes to exploration and production abroad. Utilizing those deposits is strategic for us, also with regards to strengthening Poland’s energy security,” PGNiG CEO Iwona Waksmundzka-Olejniczak said in a statement.
PGNiG said the new deposit was located in the Newt prospect, 14 km northeast of the well-developed Skarv production field, so utilizing existing infrastructure will allow for lower costs and reducing the time needed to develop the new deposit.
Recommended Reading
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
2025-01-28 - In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Oil, Gas and M&A: Banks ‘Hungry’ to Put Capital to Work
2025-01-29 - U.S. energy bankers see capital, generalist investors and even an appetite for IPOs returning to the upstream space.
Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC
2025-01-21 - The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.
Utica Oil Player Ascent Resources ‘Considering’ an IPO
2025-03-07 - The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.