GDANSK, Poland—PGNiG, a unit of the Polish gas company, said on Aug. 12 that it and Aker BP have found new oil and natural gas deposits in the Norwegian Sea.
The company estimates the deposit at between 11 and 36 MMBoe, of which 20% is attributable to PGNiG, and said it plans to explore for further deposits nearby.
“Norway is our priority when it comes to exploration and production abroad. Utilizing those deposits is strategic for us, also with regards to strengthening Poland’s energy security,” PGNiG CEO Iwona Waksmundzka-Olejniczak said in a statement.
PGNiG said the new deposit was located in the Newt prospect, 14 km northeast of the well-developed Skarv production field, so utilizing existing infrastructure will allow for lower costs and reducing the time needed to develop the new deposit.
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