PGNiG to enhance oil and gas production

WSE-listed PGNiG set to increase daily oil and gas extraction to 150,000 barrels of oil equivalent (BOE) until 2022 from 90,000 BOE currently. To reach the target, the company plans acquisitions abroad, mainly in Europe, North America and South-West Asia, Zbigniew Skrzypczewicz, PGNiG vice-president informed. Skrzypczewicz also said that PGNiG will continue the search and exploration of crude oil in Poland, focusing on Pomorskie voivodeship. The earmarked sum for this activity totals PLN 2 billion. State-owned PGNiG, one of the largest Polish companies, specializes in the exploration and extraction of crude oil and natural gas. It is listed on the Warsaw Stock Exchange since 2005.