Other Activities
INVESTGAS
INVESTGAS SA specialises in hydrocarbon storage and transport projects. It also executes specialist and general construction projects. The company provides services covering the entire investment process: from preparation, to design, construction and commissioning, to operation of gas storage units in salt caverns and other types of facilities.
In 2012, INVESTGAS generated PLN 99 m of total revenue. Revenue from services performed for PGNiG accounted for approximately 99% of INVESTGAS’ total revenue. Major projects carried out for PGNiG in 2012 included work performed under long-term contracts. The continued projects included operation of and addition of new chambers to the Mogilno Underground Gas Storage Cavern Facility, construction of the Kosakowo Underground Gas Storage Facility, and completion of the KGZ Kościan – KGHM Żukowice/Polkowice gas pipeline.
In 2012, the company also continued preparations for the construction of the Hermanowice-Strachocina gas pipeline and commenced performance of a contract for supervision of the construction of a high-pressure gas pipeline from Szczecin to Gdańsk on behalf of OGP Gaz-System SA.
In 2013, the company will perform long-term contracts for the operation, construction and extension of underground gas storage facilities for PGNiG; preparation of the construction of the Hermanowice-Strachocina gas pipeline and supervision of the construction of a high-pressure gas pipeline from Szczecin to Gdańsk on behalf of OGP Gaz-System SA. In 2013, the company is to be merged with Operator Systemu Magazynowania Sp. z o.o.
| INVESTGAS | Unit | 2012 | 2011 |
|---|---|---|---|
| Revenue | PLN m | 99 | 142 |
| Net profit (loss) | PLN m | 4 | 9 |
| Equity | PLN m | 42 | 40 |
| Total assets | PLN m | 85 | 79 |
| Workforce as at December 31 | persons | 118 | 114 |
PGNiG Technologie
PGNiG Technologie SA delivers specialist construction and assembly services, including 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 comprises the manufacture of field equipment and rig components, as well as manufacture and repair of equipment for the coal mining industry.
In 2012, PGNiG Technologie conducted work involving construction and assembly of gas transmission pipelines, reconstruction of underground gas storage facilities, and development of hydrocarbon deposits. The company also manufactured drilling equipment and repaired coal mining equipment.
In 2012, PGNiG Technologie turned in revenue of PLN 367 m, of which 58% was revenue derived from sales to PGNiG Group companies. The key customer for the company’s services was PGNiG. Revenue from services performed for PGNiG accounted for 47% of the company’s total revenue. Key projects executed for PGNiG in 2012 included construction and assembly of high-pressure gas pipelines, reconstruction of natural gas storage facilities and development of natural gas and crude oil deposits.
For related 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 was involved in the construction of high- and medium-pressure gas pipelines, sewage systems, production of equipment and spare parts for drilling rigs and drillships, as well as repairs of coal mining equipment.
In 2013 and beyond, PGNiG Technologie intends to grow its business in the existing market segment, while seeking to ensure that its technical resources and production potential deliver maximum leverage. As part of its development plan, the company intends to become a provider of complete design, construction and installation services for the oil and gas industry in Poland and abroad. The largest project scheduled for 2013 is the on-going construction of the 175.2 km DN700 high-pressure pipeline from Rembelszczyzna to Gustorzyn for OGP Gaz-System SA.
The company intends to maintain its market position in manufacturing of drilling equipment, including surface equipment for conventional and unconventional deposits, drilling platforms, and equipment for oil and gas production facilities.
PGNiG intends to privatise PGNiG Technologie through an equity offering on the Warsaw Stock Exchange.
| PGNiG Technologie | Unit | 2012 | 2011 |
|---|---|---|---|
| Revenue | PLN m | 367 | 409 |
| Net profit (loss) | PLN m | -22 | 1 |
| Equity | PLN m | 143 | 165 |
| Total assets | PLN m | 292 | 294 |
| Workforce as at December 31 | persons | 1,520 | 1,507 |
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. With a 75% equity interest, PGNiG is the majority shareholder in the company. 25% of the Gazoprojekt shares are held by natural persons (company employees).
In 2012, Gazoprojekt recorded revenue of PLN 51 m. Revenue from services performed for PGNiG Group companies accounted for 64% of Gazoprojekt ’s total revenue. As part of the services, the company acted as general contractor for gas pipeline construction projects and preparation of preliminary and project design documentation for gas pipelines.
In 2012, the company plans to perform awarded contracts. The largest include a contract for the preparation of design documentation for the Odolanów node extension project, a contract for the preparation of preliminary and design documentation under the KRNiGZ LMG-Paproć high-pressure gas pipeline construction project, as well as preparation of design documentation for other projects involving construction of gas pipelines and service lines.
| Gazoprojekt | Unit | 2012 | 2011 |
|---|---|---|---|
| Revenue | PLN m | 51 | 45 |
| Net profit (loss) | PLN m | 1 | 5 |
| Equity | PLN m | 34 | 38 |
| Total assets | PLN m | 60 | 49 |
| Workforce as at December 31 | persons | 241 | 243 |
Geovita
Geovita 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 2012, Geovita reported total revenue of PLN 43 m, including nearly PLN 7.5 m from hotel management. The services were mainly provided to third-party customers. Revenues from the services performed for this customer group accounted for 71% of the company’s total revenue.
In 2013, Geovita is to be sold.
| Geovita | Unit | 2012 | 2011 |
|---|---|---|---|
| Revenue | PLN m | 43 | 36 |
| Net profit (loss) | PLN m | 1 | -1 |
| Equity | PLN m | 79 | 78 |
| Total assets | PLN m | 96 | 99 |
| Workforce as at December 31 | persons | 346 | 349 |