PGNiG made 10 drillings in Q1

Poland’s natural gas group PGNiG made 10 drillings in Q1 2015 in Wielkopolskie and Podkarpackie voivodships, of which six were exploratory drillings, while the others were exploitation drillings, the company announced. "Exploratory drillings made in Q1 allow for increasing resources by 22.6 million BOE and exploitation drillings will bring 1.2 million barrels of oil and 0.3 million BOE of natural gas. The company is intensifying the exploration from its deposits and accelerating the process of extraction for already identified deposits," said Zbigniew Skrzypkiewicz, the company's deputy CEO. In Q1, PGNiG also discovered 4.5 billion cubic meters of tight gas deposits. The company expects extraction of oil to stand at 1.27 billion tons and the extraction of natural gas to total 4.5 billion cubic meters in 2015.