PGNiG competes in international tender for Libyan oil

It will compete with international giants like Exxon Mobil, BP, Shell, Chevron, Total, ConocoPhillips, Gazprom and Lukoil. One of the main conditions for entering the tender's second stage was experience in oil and gas exploration. Investors had to prove that they owned exploitable deposits in the amount of no less than 300 million barrels equivalents (boe) and that they extracted at least 20,000 boe per day. PGNiG, which extracts almost one-third of the natural gas used in Poland, met these conditions. According to Parkiet's information, two other interested Polish companies, Orlen and Lotos, did not meet preliminary conditions. "In the case of PGNiG, international experience turned out to be an advantage," said Andrzej Paslawski, an analyst with DM PKO BP. (Parkiet, pp.1, 9) M.M.