PGNiG Upstream Norway – a company from the Polish Oil and Gas Group (PGNiG) – and its licensing partners have successfully completed exploration work on the Egyptian Vulture prospectus in the Norwegian Sea, PGNiG reported.
PGNiG Upstream Norway and its licensing partners have discovered a hydrocarbon field in the PL939 license in the southern part of the Norwegian Sea. The collected samples indicate the presence of light crude oil, the resources of which – according to estimates published by the Norwegian Oil Administration – range from 19 to 63 million (approx. 2.1-7.1 million tonnes), emphasized.
“The field on the Egyptian Vulture prospectus will be a valuable addition to our extraction portfolio on the Norwegian Continental Shelf. Natural gas remains at the center of PGNiG’s business strategy, but the extraction of crude oil allows us to diversify and optimize our operations in this region, ”said Paweł Majewski, President of PGNiG.