ORLEN acquires DEA’s concessions in Poland

PKN ORLEN acquired 100% of shares in two concessions in the Małopolskie and Podkarpackie voivodships from DEA Deutsche Erdoel AG, a company press release read. "The areas being acquired represent considerable exploratory potential. With the analyses performed to date, we can promptly start drilling work, and we have high expectations for it,"  Wiesław Prugar, President of the Management Board of ORLEN Upstream said as quoted in the press release. The concessions cover an area of approximately 2.200 square kilometers. Commencement of operations in the area by Orlen is still subject to an approval by the Ministry of Environment for concession transfer, the company also informed.