PGNiG and Shell reached agreement over the deal last September.
“We expect that in 2021 the volume of gas produced by PGNiG Upstream Norway will reach 0.9 bcm, almost double the level recorded in 2020,” said Paweł Majewski, president of the PGNiG management board.
During 2023-2028 (after start-up of the Baltic Pipe, taking gas from Norway to Poland via Denmark), PGNiG’s share of production from the two fields should be around 0.2 bcm annually.
The company now has a 6.4% interest in the Kvitebjørn field, operated by Equinor and with remaining recoverable estimated at 184.3 MMboe.
Valemon (PGNiG 3.225%), also operated by Equinor, has around 29 MMmboe still to be recovered. PGNiG also acquired a stake in the associated transportation infrastructure.