PGNiG with another license in Norway

PGNiG Upstream International (PGNiG UI) became the operator of PL 799 license in the Norwegian Sea. The Norwegian government granted the Polish company with 40 percent of the stakes. The partners of PGNiG UI are the following firms: Statoil Petroleum AS (Norway's biggest oil and gas company), VNG Norge AS oraz Explora Petroleum AS, each of them possesses 20 percent of shares. Currently, PGNiG UI holds interest in 17 licences on the Norwegian Continental Shelf on the North Sea, the Norwegian Sea and the Barents Sea. PGNiG is a Polish state-controlled oil and natural gas company, founded in 1976. PGNiG Upstream is a subsidiary of PGNiG established in 2007.