PGNiG Upstream Norway is preparing a development plan for the King Lear field

The Norwegian company PGNiG and Aker BP have started advanced design works aimed at developing a detailed plan for the exploitation of the King Lear field in the North Sea. The investment is to increase the production of natural gas by the PGNiG Group on the Norwegian Continental Shelf by 0.33 billion cubic meters annually.

PGNiG Upstream Norway and Aker BP have decided to proceed to the final stage of work on the development plan for the King Lear field. The companies commissioned the preparation of detailed documentation, which will define, inter alia, the scope and schedule of activities related to the launch of mining and operation, the designed technical solutions and the investment budget.

“We are continuing our development activities in Norway, which is our main foreign market in terms of hydrocarbon exploration and production. In the case of King Lear, we are entering a key stage of preparations, which will enable us, together with Aker BP, to make a final investment decision and apply for administrative consent to start the exploitation of the field,” said Paweł Majewski, president of PGNiG, the company that is the sole owner of PGNiG Upstream Norway. “The development of the King Lear field should contribute to the maintenance of natural gas production by the PGNiG Group in Norway at a level consistent with our strategic aspirations. By planning in the long term, we are able to secure a stable and diversified gas portfolio, which will be delivered to Poland thanks to the Baltic Pipe gas pipeline”, emphasized Paweł Majewski.

According to the initial concept, extraction from the King Lear field will be carried out using four wells operated by an unmanned production platform. Production is expected to start at the end of 2027. The installation will be connected to the production infrastructure of the Valhall field, located 50 kilometers from King Lear. One of the advantages of this solution will be a significant reduction in carbon dioxide emissions associated with the extraction.

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