POLSKIE GÓRNICTWO NAFTOWE I GAZOWNICTWO S.A. In the first half of 2015, Polskie Górnictwo Naftowe i Gazownictwo SA drilled 27 exploratory, core, appraisal and production wells within its licence areas in the provinces of Poznań and Rzeszów.
Six exploratory/appraisal wells were drilled with positive results, confirming the presence of natural gas deposits, with total recoverable reserves estimated in the region of 3.5 billion cubic metres of natural gas (ca. 22.9 million boe). The annual production from those wells is estimated at ca. 80 million cubic metres (ca. 0.52 million boe).
The Company also drilled seven production wells. Three of them are expected to produce 125 thousand tonnes (ca. 0.85 million boe) of crude oil annually, while the annual production of natural gas from the other four wells is estimated at 50 million cubic metres (ca. 0.3 million boe).
The total annual production from the exploratory/appraisal and production wells which returned positive testing results is projected at approximately 1.7 million boe.
In the first half of 2015, PGNiG completed the development of eight wells in Poland: Dzików 23, Księżpol 19, Przemyśl 284 (Żurawica Gas Production Facility), Daszewo 31K, Grodzisk 26, Załęże 1K and 2K, and Pogwizdów 3. The projected annual production from those wells totals 74 million cubic metres (ca. 0.48 million boe) of natural gas.
The construction of a crude desalter was also completed at the Dębno Oil and Gas Production Facility.
In the first half of 2015, PGNiG continued work in the Kirthar licence area in Pakistan under an agreement between PGNiG SA and the Pakistani government. The licence operator is a company in which PGNiG holds a 70% interest, with the other 30% held by Pakistan Petroleum.
To date, based on the results of seismic surveys and two wells (Rehman-1 and Hallel X-1) the Rehman field has been proven to hold recoverable reserves of 11.5 billion cubic metres (75.2 million boe) of natural gas, and based on the results from the Rizq-1 well the Rizq field has been proven to hold recoverable reserves of 4.5 billion cubic metres (29 million boe) of gas. Currently, the Rehman-1 well is undergoing a production test, and the produced gas is sold.
The Company plans to apply for the extension of Phase 2 of its exploratory licence. Once obtained, the extension will enable the Company to acquire 3D seismic on the Rizq field and N2 prospect, run an extended production test on the Rizq-1 well, commercialise the field, delineate the production area and obtain a production licence for the Rizq field. It will also facilitate exploratory work on the N2 prospect located in the same geological sequence, to the north of the Rizq field.
PGNiG Press Team
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