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.
Recommended Reading
Methane Leak Technology Bolsters Oil Industry’s ESG Efforts
By providing details on emissions, oil and gas consultancy Kayrros helps companies to plug the leaks and impress investors.
Can Oil, Gas Survive Without Drastic Change?
Energy scholar Robert Bryce offers an unabashed view of the shale revolution, climate change and the future of energy. Spoiler alert: don’t expect oil and gas to disappear anytime soon.
US Shelves Wyoming BLM Lease Sale Plans over Sage Grouse
BLM will instead sell eight parcels of oil and gas leases on more than 4,000 acres in the southeast corner of Wyoming, not located in sage grouse habitat, through the online auction platform EnergyNet.