Poland's dominant gas firm PGNiG and No.1 refiner PKN Orlen have joined forces in the search for gas and oil deposits in the mountains of southeastern Poland, PKN said in a statement on July 20.
Orlen Upstream has signed a deal with PGNiG under which both firms are to conduct research on eight exploration licences near the Bieszczady mountains. Both firms have already worked together in parts of Poland.
Poland is trying to reduce its reliance on imported energy from Russia, but still more than a half of the gas it consumes is imported from its former imperial master. The dependency is even bigger in terms of oil.
Poland had expected to find huge shale gas deposits but these hopes have faded and major energy firms including Chevron , and Total have pulled out of shale gas exploration concessions.
Australia's No.2 independent gas producer Santos Ltd. on June 6 said the Dorado-2 appraisal well in Western Australia has confirmed a major oil and gas resource. Santos has an 80% stake in the field after acquiring Quadrant Energy in 2018, while the remainder is owned by operator Carnarvon Petroleum.
The wireline logging well has successfully confirmed a hydrocarbon-bearing reservoir within the Caley, Baxter and Crespin intervals, the company said in a statement.
The Houston-headquartered company said Nov. 5 that the Dorado play has an estimated net resource potential of 21 Tcf in 700 ft of stacked pay.