PGNiG and Lotos look for oil in north-western Poland

Gas giant PGNiG and Poland’s second-largest oil company Grupa Lotos have undertaken seismological surveys in north-western Poland looking for crude oil deposits. The surveys are being carried out in Kamień Pomorski and Kaleń license areas, held by PGNiG. The surveys are being conducted by Geofizyka Kraków, a subsidiary of PGNiG. It was launched in August and are scheduled to be completed in October of this year. The analysis of the seismological images will take about a year, PGNiG stated. If they prove positive, the companies will start drilling exploratory boreholes. PGNiG and Lotos Petrobaltic signed an agreement to work on the Kamień Pomorski licese area in August 2013. In May of this year, Lotos Exploration & Production Norge signed a letter of intent with PGNiG concerning the Norwegian continental shelf.