Business Model area
Our achievements to date
Exploration and Production
In 2012, PGNiG consolidated its exploration and well services companies within the Group’s Exploration and Production segment. PGNiG Poszukiwania SA (since February 2013 – Exalo Drilling SA) was merged with PNiG Kraków, PNiG NAFTA, PNiG Jasło, PN Diament and ZRG Krosno.
In 2012, PGNiG’s exploration and production operations were reorganised. A Geology and Hydrocarbon Production Branch was established in Warsaw. Its role involves the coordination and expert supervision of hydrocarbon exploration and production projects, both in Poland and abroad.
Power Generation
In line with the strategic vision to transform the PGNiG Group into a modern multi-utility, in January 2012 PGNiG acquired from Vattenfall AB (through its subsidiary PGNiG SPV1) 99.8% of the shares in Vattenfall Heat Poland SA (whereupon the company was renamed PGNiG Termika SA). Following the acquisition of these assets, the PGNiG Group’s business was extended to include electricity and heat generation.
In 2012, PGNiG Termika became the Group’s competence centre for heat and electricity generation and for implementation of heat and power projects.
Distribution
In the first quarter of 2013, the PGNiG Management Board approved the composition of a new company, PGNIG SPV4, whose role is to combine the six distribution companies to form a single entity with the head office in Warsaw and six regional branches responsible for field operations.
On May 24th 2013, all the companies involved in the process held Extraordinary General Meetings, which approved the merger between PGNIG SPV4 (the Acquirer) and the six distribution companies (the Acquirees) under Art. 492.1.1 of the Commercial Companies Code. The procedure to register the merger in the National Court Register started on May 27th 2013.
Storage
As part of the reorganisation of the PGNiG Group’s storage business, on May 22nd 2013 the Annual General Meeting of PGNiG gave its approval for PGNiG to acquire shares in the increased share capital of Operator Systemu Magazynowania as part of the merger between Operator Systemu Magazynowania and Investgas SA.
Support
In 2012, implementation of a shared services centre was begun. The centre will provide finance, accounting, HR and payroll as well as IT services. To that end, a new company under the name of PGNiG Serwis was established. The company will provide its services to certain PGNiG Group companies.