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PKN Orlen Says PGNIG Upstream Norway To Start Exploitation Of Verdande Deposit

Polski Koncern Naftowy Orlen SA PKN:

  • PGNIG UPSTREAM NORWAY, TOGETHER WITH ITS CONCESSION PARTNERS, SUBMITTED AN APPLICATION FOR APPROVAL OF THE PLAN FOR DEVELOPMENT AND EXPLOITATION OF THE VERDANDE DEPOSIT IN THE NORWEGIAN SEA

  • EXTRACTION TO START IN FOURTH QUARTER OF 2025

  • VERDANDE IS AN OIL-GAS FIELD WHICH RECOVERABLE RESERVES ARE ESTIMATED AT 36.3 MILLION BARRELS OF PETROLIUM EQUIVALENT

  • ACCORDING TO PLAN SUBMITTED TO THE NORWEGIAN MINISTRY OF PETROLEUM AND ENERGY, DRILLING IS TO START AT THE END OF 2024

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