Lotos with record high oil extraction

Polish refinery giant Lotos produced 2.5 mln barrels of oil equivalent (boe) in Q1 2016, accounting for nearly 30,000 boe per day, compared with 1 million boe in Q1 2015, the company said in a statement. Three quarters of Lotos's production comes from its Norway deposits, where the firm bought the Sleipner deposit in December 2015. The remainder is from deposits on the Baltic Sea and in Lithuania, the firm said.