Other Activities
PGNiG Technologie
PGNiG Technologie SA delivers specialist construction and assembly services, including the construction of transmission and distribution pipelines, field development, construction of crude oil and natural gas production facilities, and construction and expansion of underground gas storage facilities. The company’s range of services also includes the manufacture of field equipment and rig components, as well as the manufacture and repair of equipment for the coal mining industry.
In 2013, PGNiG Technologie posted revenue of PLN 352 m, of which 37% was revenue derived from sales to PGNiG Group companies. The Company provided construction and assembly services to OGP GAZ-System SA and PGNiG, involving construction of high-pressure gas pipelines, redevelopment of natural gas storage facilities, and development of natural gas and crude oil deposits. The key customer for the company’s services was OGP GAZ-System SA, accounting for 44% of its total revenue.
For PGNiG Group companies, PGNiG Technologie SA also manufactured drilling equipment, including surface pressure equipment, heads, casing heads and spare parts for production equipment. As part of projects for third-party customers, the company constructed high- and medium-pressure gas pipelines, manufactured equipment and spare parts for drilling rigs and drillships, and performed repairs of coal mining equipment.
In 2014 and subsequent years, the company intends to focus on the further development of its current operating segments.
Poland will continue to be the company’s largest market for construction and assembly work, but in the near future PGNiG Technologie will be looking for a partner in neighbouring markets, to more actively and successfully secure new contracts and realise the market opportunities related to planned investments in natural gas storage facilities (Ukraine, Belarus, Lithuania, Latvia, Czech Republic) and pipelines in Central and Eastern Europe (Czech Republic, Slovakia, Hungary, Croatia and Lithuania).
Production of equipment for the oil and gas industry will continue to be the manufacturing segment’s core business. The company plans to expand the production capacities to increase current output, and to launch the production of new equipment, while also substantially improving process efficiency. Furthermore, PGNiG Technologie intends to diversify its product mix with services related to gas pipeline and power grid maintenance.
The company’s key projects executed in 2014 will include the construction of 175.2 km of DN700 high-pressure gas pipeline from Rembelszczyzna to Gustorzyn, 58 km of the Szczecin-Gdańsk gas pipeline (Phase I – section from Płoty to Karlino), and construction of the Jeleniów II Gas Compressor Station for OGP Gaz-System SA.
The company intends to maintain its market position in the manufacturing of drilling equipment, including surface equipment for conventional and unconventional deposits, drilling platforms, and equipment for oil and gas production facilities.
| PGNiG Technologie | 2013 | Unit of measure |
|---|---|---|
| Revenue | 352 | PLN m |
| Net profit (loss) | -21 | PLN m |
| Equity | 141 | PLN m |
| Total assets | 346 | PLN m |
| Workforce as at December 31 | 1,334 | persons |
Gazoprojekt
Biuro Studiów i Projektów Gazownictwa Gazoprojekt SA offers comprehensive design services for gas production, storage, transmission and distribution projects, and for gas system stations and switching stations. The company’s shareholders are PGNiG Technologie and PGNiG, holding 52.5% and 22.5% of its share capital, respectively, while 25% of the Gazoprojekt shares are held by company employees.
In 2013, Gazoprojekt reported revenue of PLN 61 m, with services performed for PGNiG Group companies accounting for nearly 55% of the figure. As part of the services, the company acted as general contractor for gas pipeline construction projects, and prepared preliminary and project design documentation for such facilities.
In 2014, the company plans to execute its current contracts, the largest of which include the continuation of work on design documentation for the Zdzieszowice − Wrocław pipeline construction project, for the Gdańsk oil terminal, and for other projects involving construction of gas pipelines and service lines. In the area of general contractor services, the company will continue to work on the construction of the Rembelszczyzna-Gustorzyn gas pipeline and the Sękocin Nowy metering station, as well as on the repair of the Białołęka gas pipeline crossing under the Wisła.
| Gazoprojekt | 2013 | Unit of measure |
|---|---|---|
| Revenue | 61 | PLN m |
| Net profit (loss) | 0 | PLN m |
| Equity | 35 | PLN m |
| Total assets | 61 | PLN m |
| Workforce as at December 31 | 219 | persons |
Geovita
Geovita SA offers accommodation and catering services in Poland, through 11 of its own facilities and three hotels under its management. The company’s facilities form a network of recreational, training and spa centres. They are located either on the coast, in mountain areas or in the central part of Poland. The company offers its services to Polish and foreign customers.
In 2013, Geovita recorded revenue of PLN 40 m. The services were mainly provided to third-party customers, with revenue from this customer group accounting for 86% of the total revenue figure.
In 2013, the Management Board launched a process to sell Geovita.
| Geovita | 2013 | Unit of measure |
|---|---|---|
| Revenue | 40 | PLN m |
| Net profit (loss) | -11 | PLN m |
| Equity | 68 | PLN m |
| Total assets | 87 | PLN m |
| Workforce as at December 31 | 328 | persons |