PGNiG and LOTOS Petrobaltic to explore for oil

PGNiG and LOTOS Petrobaltic have signed a deal for joint operations to explore for oil in north-eastern Poland on the Górowo-Iławieckie exploring license, according to a press statement. The aim of the cooperation is to undertake a 2D seismic survey of a total length of 400 km combined with reprocessing of archival data. Based on the survey results, decisions regarding further work in the region will be taken. The companies hope to discover crude oil similar to those found in the Kaliningrad Oblast and Lithuania. PGNiG is a Polish state-led oil and natural gas company. LOTOS Petrobaltic is the only firm in Poland performing exploration and production of crude oil and gas in the Baltic Sea.