PGNiG and Aker BP discover a new oil and gas field in Norway

PGNiG Upstream Norway and Norway’s Aker BP discovered an oil and gas field with recoverable resources initially estimated between 11 and 36 million barrels of crude oil equivalent in Prospekt Newt in the northern part of the Norwegian Sea.

The discovered field is located 14 km northeast of the Skarv mining area, which is the main center of PGNiG's operations on the Norwegian Continental Shelf. “The location of the deposit in the vicinity of the Skarv mining area will facilitate its development and increase the profitability of its operation,” said PGNiG President Iwona Waksmundzka-Olejniczak. 

She noted that exploitation of the deposits in Norway is of strategic importance to PGNiG in the context of strengthening Poland's energy security. Prospekt Newt is located in a license area, in which Aker BP holds 80%, and PGNiG has the remaining 20%.