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More hydrocarbons for LOTOS in Norway
LOTOS Norge
Statoil, LOTOS Norge and Total Norge, which together hold the Utgard licence (formerly Alfa Sentral), have submitted the Plan for Development and Operation of the licence to the Norwegian and British regulators. Production from the Utgard field is scheduled to start in late 2019.
Upstream activity 2016-08-09
LOTOS's recoverable reserves amount to 10.3 million boe, and the daily output attributable to its interests is estimated at 4,000 boe.
"The Utgard licence is very important for LOTOS's business growth in the North Sea," emphasises Marcin Jastrzębski, Vice President and Chief Operating Officer at
Grupa LOTOS S.A. and President of LOTOS Petrobaltic. "Production will be launched with the use, among other assets, of the infrastructure of the Sleipner gas field, in which LOTOS holds interests too, and will continue until 2032."
The Utgard licence area is located in the North Sea, on the border between Norway's and UK's territorial waters, approximately 20 km to the west from the Sleipner field. The hydrocarbon reserves are located at the depth of 3,700 metres, with the sea depth of 110 metres.
LOTOS's recoverable reserves comprise natural gas (45%) and condensate (55%), which is light crude used to make such products as gasoline and LPG.
The operator of the licence is Statoil. Interests in the Norwegian part of the licence are held by Statoil (62%), LOTOS Norge (28%) and Total Norge (10%).
Sleipner is a major gas hub (distribution centre) on the Norwegian Continental Shelf, linked to numerous countries, including Germany and the United Kingdom, by a gas pipeline network.
Communications Office, Grupa LOTOS S.A., ul. Elbląska 135, 80-718 Gdańsk, Poland, tel. (+48) 58 308 87 31, (+48) 58 308 83 88, e-mail: media@grupalotos.pl
Upstream activity
Closer cooperation of PGNiG and LOTOS in Norway
PGNiG Supply & Trading (PST), a member of the Polish Oil and Gas Company Group (PGNiG), becomes the exclusive recipient of natural gas produced in Norway by LOTOS Exploration & Production Norge...
LOTOS secures two new licences in Norway
On January 16th 2018, LOTOS Exploration and Production Norge AS ("LOTOS Norge") was offered two new exploration and production licences by the Norwegian authorities in the APA 2017 round.
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© 2021 LOTOS Norge
ul. Elbląska 135, 80-718 Gdańsk. The joint-stock company entered into the National Court Register, maintained by the District Court for Gdańsk-Północ, VII Commercial Division, under entry no. KRS 0000106150. Tax Identification Number (NIP): 583-000-09-60. Share capital PLN 184 873 362 paid up in full.
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