Petrobaltic, PKN Orlen and KGHM in consortium talks

Petrobaltic, PKN Orlen and KGHM in consortium talks Petrobaltic, Polski Koncern Nafttowy (PKN) Orlen and KGHM Polska Miedz are holding talks on creating a consortium for oil exploration in Congo. Oil and natural gas exploration company Petrobaltic has already acquired a license to explore four Congo oil sources, estimated at 68-115 million tonnes of crude oil. Now it is looking for partners interested in the project. PKN Orlen spokesman Tomasz Zakrzewski said his company is interested in oil exploration ventures, but has not yet signed any conclusive agreements. KGHM spokesman Jerzy Pietraszek made a similar statement. "A consortium [for oil exploration in Congo] does not yet exist. However, we are interested in any type of presence in Congo [where KGHM already explores copper-ore]." Petrobaltic currently explores oil from the B-3 field in the Baltic Sea. (Puls Biznesu, page 5)