PGNiG with new deposits in Podkarpacie

WSE-listed gas giant PGNiG recorded industrial-scale gas flows at its two new boreholes in the Podkarpackie voivodship. The company estimates that after connecting to the mining infrastructure, the gas flows from the Sędziszów-38K well will amount to some 68k cubic meters daily, while Korzeniówek-1K well will produce 22k cubic meters in a day. Both wells are high-methane gas deposits, the company said in a market filing. Currently, PGNiG has 23 licenses for exploration of crude oil and natural gas, and 25 concessions for exploration and extraction. The company also has 213 operating licenses, of which 151 are licenses for natural gas extraction, 14 - crude oil, and 48 - oil and gas licenses.