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PGNiG and PKN ORLEN shall seek for oil in Greater Poland

22-06-2009  News

​PKN ORLEN and PGNiG estimate that overall expenditures related with exploitation of the oil deposit in Greater Poland shall not exceed PLN 400 million.
During first years the expenditures devoted to common realization of research and exploration project shall not exceed PLN 50 million, while the more significant amount of expenditures shall occur during the following years.
Anticipated engagement of PGNiG in the project shall equal 51 percents, and of PKN ORLEN – 49 percents.
Expected geological resources of the explored area equal about 130 million barrels, and resources, which can be extracted are estimated for 26 million barrels. Deposit production planned for the current phase equals 15 million barrels.
 

Source:
http://www.money.pl/gielda/wiadomosci/artykul/pgnig;i;pkn;beda;szukac;ropy;w;wielkopolsce,59,0,483643.html

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