The company is at the stage of making design and location arrangements for the first exploration well, which will provide an answer to the question about the production potential of the licence where PGNiG operates.
PGNiG Upstream Norway and its licence partners have started drilling production wells in the Duva field, with first production expected in the third quarter of 2021.
PGNiG Upstream Norway will buy all assets on the Norwegian Continental Shelf of the INEOS Group, which includes 22 production licences and an interest in the Nyhamna terminal.
In 2020, the PGNiG Group earned revenue of approximately PLN 39.2bn. Its EBITDA came in at PLN 13bn, EBIT reached PLN 9.59bn, and net profit was PLN 7.34bn.