Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

PGNiG buys Norwegian oil and gas licenses

28/10/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmjavmdgvnzcvzmlszsjdlfsiccisinrodw1iiiwinjawedqwmfx1mdazzsjdxq

Poland's natural gas monopolist has acquired shares in four new oil and gas licenses located in the Norwegian Continental Shelf.

The transaction was carried out by subsidiary PGNiG Upstream, which bought the shares from Total E&P Norge for 1.95 billion Norwegian krone or 996 million zloty (some 233 million euro). The deal is subject to approval from Norwegian authorities and should be finalised before the end of 2014. The Polish company bought minority stakes in three production licenses (Morvin, Vilje and Vale) and in one license under development (Gina Krog). The acquisition increases PGNiG's assets in Norway by about 60 percent. Total extraction from these areas in 2014 is expected to reach some 320,000 tonnes of crude oil and 90 million cubic metres of natural gas. The deposits are expected to last for the next 14 years, PGNiG said. “Involvement in four new deposits in Norway is of special importance to us,” said PGNiG chief executive Mariusz Zawisza. “First of all, it means that production outside Poland will immediately grow by about 60 percent.” 

This article has been extracted from http://www.thenews.pl, please click on this link to read the article in full 
http://www.thenews.pl/1/12/Artykul/185608,PGNiG-buys-Norwegian-oil-and-gas-licenses.

Montash is a multi-award winning, global IT recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy & Technologies, Demand IT and Business Engagement, Digital and E-commerce, Leadership Talent, Infrastructure and Service Delivery, Project and Programme Delivery.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdevmtyvmdkvntivmdgvotu5l0nhcmvlci5qcgcixsxbinailcj0ahvtyiisijm4mhgxmdajil1d

What are your career resolutions for 2017?

2017-01-16 09:00:00 +0000

The new year is traditionally a time to make resolutions for personal growth, but how about for your career? Setting goals is important because they provide a map for your career, helping you to organise your time, effort and resources on getting where you want to be. On a broader scale, having obtainable objectives can increase your job satisfaction, boost your self-esteem and improve your overall wellbeing. So, let’s take a look at the resolutions tha...

W1siziisijiwmtcvmdevmtmvmtevmtyvntmvmta1l0j1c2luzxnzieludgvsbglnzw5jzs5qcgcixsxbinailcj0ahvtyiisijm4mhgxmdajil1d

Business Intelligence trends for 2017

2017-01-13 11:00:00 +0000

Business Intelligence (BI) has evolved a lot in recent years, with most experts understanding that it is now far more than just data reporting. There remains a role for data scientists to play when it comes to analysing information, but it’s also increasingly important for every employee in a firm to be able to not only access data but also analyse it. During 2016, there was a wave of new self-service analytical tools developed across sectors, enabling ...