LOTOS

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  • LOTOS awarded two new licenses in Norway
    Upstream activity 2014-01-31 LOTOS awarded two new licenses in Norway

    Lotos Exploration & Production Norge AS has been awarded two new production licenses on the Norwegian Continental Shelf. The offers were issued on the 21st of January after the authorities had evaluated applications from 50 companies in the Awards in Pre-defined Areas (APA) 2013.

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  • LOTOS acquisition of Heimdal assets cleared
    Upstream activity 2013-12-19 LOTOS acquisition of Heimdal assets cleared

    LOTOS Exploration & Production Norge, which had entered into an agreement with Centrica Norge on the acquisition of the Heimdal assets on the Norwegian Continental Shelf, has received clearance from the Norwegian authorities to finalise the transaction. All conditions precedent of the agreement have now been met.

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  • LOTOS acquires shares in Norwegian licenses
    Upstream activity 2013-11-05 LOTOS acquires shares in Norwegian licenses

    LOTOS Exploration & Production Norge (LOTOS), a subsidiary of the Polish energy corporation Grupa LOTOS S.A., has reached an agreement with Centrica Energy Norway, a subsidiary of the UK based Centrica Plc., to acquire shares in 14 licences on the Norwegian Continental Shelf, including one operatorship. The package of oil and gas assets includes producing fields, developments, discoveries and exploration prospects.

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  • Wintery spring on the platforms
    Upstream activity 2013-04-05 Wintery spring on the platforms

    Spring has greeted us with snow and blizzards. The atmosphere offshore – 80 km distant from the mainland – makes both working and rest conditions far more difficult than usual for this time of year. The weather now is not very different from the wintery conditions here, a fact documented in photos just a few days ago.

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  • Successful outcome of negotiations over the Yme field. USD 470m in damages for Yme licence holders
    Upstream activity 2013-03-12 Successful outcome of negotiations over the Yme field. USD 470m in damages for Yme licence holders

    On March 12th 2013, Talisman Energy (operator of the Yme field) and SBM Offshore (owner of the MOPU - Mobile Offshore Production Unit) announced that a settlement had been reached to remove the defective platform from the Yme field.

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  • Supplies of Lithuanian oil to Grupa LOTOS
    Upstream activity 2013-01-21 Supplies of Lithuanian oil to Grupa LOTOS

    LOTOS Geonafta, a company owned by LOTOS Petrobaltic, has been contracted to supply crude oil to the Gdańsk refinery. The contract has just be concluded for an indefinite period of time.  Its value over the next five has been estimated at PLN 822m.

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  • LOTOS Geonafta takes over Lithuanian Manifoldas
    Upstream activity 2012-11-28 LOTOS Geonafta takes over Lithuanian Manifoldas

    November 28th 2012 saw the consummation of an agreement whereby LOTOS Geonafta acquired the remaining 50% interest in Manifoldas. LOTOS Geonafta, which had held a 50% interest prior to the transaction, took full control over the company. Manifoldas is a successful player in Lithuania's hydrocarbon exploration and production sector. The company produces approximately 30 thousand tonnes of crude a year.

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  • PGNiG and LOTOS expand cooperation
    Upstream activity 2012-11-23 PGNiG and LOTOS expand cooperation

    The cooperation between PGNiG and the LOTOS Group in oil and gas exploration is gaining speed. First exploration work will be carried out in four of PGNiG's licence areas situated in the region of Pomerania.

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  • New Management Board at LOTOS Petrobaltic
    Upstream activity 2012-10-04 New Management Board at LOTOS Petrobaltic

    At a meeting held on October 3rd 2012, the Supervisory Board of LOTOS Petrobaltic appointed the Company's Management Board. The Management Board consists of: Zbigniew Paszkowicz, President of the Management Board; Dariusz Wojdyński, Vice-President of the Management Board and Chief Financial Officer, and Krzysztof Sułecki, Vice-President of the Management Board and Chief Exploration and Production Officer.

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  • Drillings on Norwegian licenses
    Upstream activity 2012-09-21 Drillings on Norwegian licenses

    On 7th of September 2012 Lotos EPN spudded its first partner operated well in Norway waters, the 7/11-13 exploration well “Geite prospect” in PL 497. LOTOS has a 10% share in this license. The well is located approximately 30 km west of the Ula filed.

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