Development prospects
In each of 2017 and 2018, PGNiG plans to produce 3.8 bcm of natural gas (measured as high-methane equivalent) and 745,000 and 840,000 tonnes of crude oil, respectively. Once new wells on the Barnówko-Mostno-Buszewo and Lubiatów-Międzychód-Grotów fields come on stream, the oil production volume will grow in 2018. Plans for the upstream area in Poland include development and tie-in of 22 new wells and expansion of two facilities, in Dębno and Grodzisk, in 2017.
On the Norwegian Continental Shelf, PGNiG UN, as a project partner, will continue to produce hydrocarbons from the Skarv, Morvin, Vilje and Vale fields and will proceed with the development of the Snadd and Gina Krog fields. PGNiG UN will also work towards ensuring stable, predictable and long-term gas supplies to Poland. These efforts will include analysis of infrastructure scenarios for transmission of Norwegian gas to Poland, but also potential acquisitions of gas fields in Norway. Based on the interests currently held in the Norwegian fields, the production volume is projected to reach 0.5 bcm of gas and 571 thousand tonnes of oil (including NGL) in 2017 and 0.5 bcm of gas and 579 thousand tonnes of oil (including NGL) in 2018.
PGNiG UN also intends to acquire new licence areas by participating in annual APA licensing rounds and in regular licensing rounds held every two to three years. The company may seek to acquire new licence areas through farm-in (purchase of interests from other companies) or farm-down (exchange of interests with other companies) arrangements. In the future, the company may participate, as a partner, in drilling projects in deep-sea waters (below 1,000 m) and in the Arctic Zone through its interests in the PL703 licence within the Vøring Basin in the Norwegian shelf, where the sea depth exceeds 1,000 m, and in two licences (PL850 and PL 856) in the Barents Sea.
As regards seismic surveys, in 2017 acquisition is planned of 2D seismic data (two projects) and 3D seismics (one project) in Poland and of 2D seismic data (two projects in Mozambique and Myanmar) and 3D seismic data (eight projects in Germany, Austria, Egypt, Tunisia, Algeria, Myanmar and Italy) abroad.
