13.05.2019
ORLEN Group’s exploration campaign in the Rzeszów Province continues
In late 2020, the ORLEN Group is to launch natural gas production from a field in the Rzeszów Province. The drilling of Bystrowice OU-2 (the second borehole) has just begun to test new gas bearing horizons and further appraise the Bystrowice OU-1 borehole.
The drilling operations are being conducted on a new gas discovery in the municipality of Roźwienica, the Rzeszów Province. The well will be drilled to a target depth of 2,050 metres and the drilling, together with auxiliary works, will take approximately 90 days. The Bystrowice natural gas deposit is multihorizontal, with gas accumulations occurring in the Miocene formations and their basement. Gas production is expected to be launched near the end of 2020.
“Producing gas from promising deposits in the Rzeszów Province, we have in mind both our own profits and Poland’s energy security. That is why our exploration and investigation work in the region is being continued. We can already see that our upstream strategy is yielding measurable effects,” said Daniel Obajtek, President of the Management Board of PKN ORLEN.
The recoverable resources in the Bystrowice deposit have been estimated at 2 bcm of high-methane gas (with a methane content of over 98%). The field may be on production for 10 years or more. More accurate data will be available after production testing of all gas bearing horizons. In 2019, another borehole (Bystrowice OU-3) is planned to be drilled within the discovered reservoir. In addition to appraisal of Bystrowice, the Company is continuing exploration works within this licence area, having just completed the acquisition of new 3D seismics.
At present, the ORLEN Upstream Group operates in Poland (via ORLEN Upstream and FX Energy Poland) as well as Canada (through ORLEN Upstream Canada). Its average daily production in Q1 2019 was 18,800 boe , and its reserves at the end of 2018 were estimated at 211m boe.
With regard to the upstream sector, the ORLEN Group’s plans are to increase production, while focusing on quality assets and the most profitable projects. The measures it has taken allow the Group to flexibly respond to any changes in the crude oil and gas market by aligning operations with the prevailing macro environment.
