Segment’s strategy

The main objective in this segment is to maintain stable production of natural gas and crude oil in Poland and achieve an increase of approximately 50−55 million boe in hydrocarbon production from Polish and foreign sources by 2022. In 2016, the PGNiG Group produced a total of 4,458 mcm of natural gas (measured as high-methane equivalent), of which output from domestic deposits was 3,882 mcm and output from foreign deposits was 576 mcm. Moreover, 1,118 thousand tonnes of crude oil was extracted (including condensate and NGL), of which 763 thousand tonnes was produced from domestic deposits and 555 thousand tonnes from foreign deposits. In Poland, PGNiG worked intensively to discover and assign reserves to new deposits of hydrocarbons. 13.3 mm boe of reserves were documented in 2016, based on discoveries made in previous years. Furthermore, 10 new deposits were discovered, with reserves to be assigned in the following years. As at the end of 2016, the PGNiG Group had total gas reserves of 609 million boe, of which 498 million boe were reserves in Poland and 111 million boe were foreign reserves. The Group’s oil and NGL condensate reserves were 161 million boe, including 126 million boe in Poland and 35 million boe abroad. Together with the Polish Geological Institute − National Research Institute, PGNiG continued a research project into the application of fracturing technology for pre-mining extraction of coal bed methane