PGNiG Upstream Norway, a subsidiary of Polskie Górnictwo Naftowe i Gazownictwa (PGNiG), has obtained four new concession areas for development on the Norwegian Continental Shelf, of which PGNiG will act as an operator on three of them, the company said. As a result, the number of licenses in Norway, in which the PGNiG Group holds shares, will increase to 62.
“As a result of the annual licensing round (APA 2021), the Norwegian government finally granted shares in more than 60 production licenses to 28 companies. PGNiG Upstream Norway, a subsidiary of PGNiG, applied for shares in four licenses and received this amount, ”reads the release.
“We are consistently developing our business on the Norwegian Shelf. We want to extract as much of our own natural gas as possible there, which will then be delivered to Poland. That is why we are expanding our license portfolio in Norway through acquisitions, but also through regular participation in license rounds. The acquisition of four new concessions proves the professionalism of our Norwegian team, because the Norwegian government grants concessions only in response to the best prepared applications in terms of geology and technology. In addition, it is also important that we are given the operator’s role in three of the four new licenses. It is also a recognition of the competence of our specialists in Norway – they will manage the works related to the development of the fields covered by the new concessions, ”said president Paweł Majewski, quoted in the press release.
Two of the newly awarded licenses are located in the North Sea. PGNiG Upstream Norway will act as the operator for both of them.