PKN ORLEN to launch new oil and gas exploration projects in Poland

By the end of the year, PKN ORLEN plans to drill at least three exploration wells, including a new horizontal well and a hydraulic fracturing operation. Currently, the Company is continuing work on Lublin-OU1, a conventional vertical well.

More

PKN ORLEN drills third horizontal well

PKN ORLEN Upstream's team will drill another horizontal well in Kisielsk in the Stoczek Łukowski rural commune.

More

ORLEN to drill ninth exploratory well

PKN ORLEN has spudded a new vertical exploratory well. The works are taking place in the municipality of Stoczek Łukowski, county of Łuków.

More

PKN ORLEN to acquire an upstream company in Canada

PKN ORLEN S.A. (“PKN ORLEN”, the “Company”), through its subsidiary ORLEN Upstream Sp. z o.o. (“ORLEN Upstream”) has entered into an arrangement agreement with TriOil Resources Ltd. (“TriOil”), a Canadian company listed on the TSX Venture Exchange, which will initiate the acquisition of TriOil. PKN ORLEN has agreed with TriOil to acquire 100% of the shares of the company for CAD 2.85 per share, representing total cash consideration of approximately CAD 183.7m. The offer has been accepted by the Board of Directors of TriOil, and will be considered by the shareholders of TriOil at the meeting of shareholders in November 2013.

More

ORLEN drills in Dobryniów

In the province of Lublin PKN ORLEN has spudded its eighth exploration well on unconventional prospects, located in the village of Dobryniów (commune of Łopiennik Górny, county of Krasnystaw).

More

PKN ORLEN starts drilling on Latvian shelf

Ocean Nomad has arrived in the Latvian zone of the Baltic Sea and has been moored in the area of a licence owned by Balin Energy, a joint venture of PKN ORLEN (through ORLEN International Exploration and Production Company B.V) and Kuwait Energy Company Netherlands Cooperatief. On Sunday, contractor Diamond Offshore Drilling Inc. commenced the drilling of the first exploration well.

More

ORLEN completes drilling work on its sixth exploration well

This time ORLEN has focused its exploration efforts related to unconventional gas plays in the village of Nowy Stręczyn, located in the Lublin region (commune of Cyców, county of Łęczna). The drilling work took 54 days, and the depth reached was 3.5km.

More

PKN ORLEN begins drilling of new well in the Lublin region

Following previous announcements concerning intensification of unconventional gas exploration efforts, PKN ORLEN has begun drilling a new well in search of gas in the Lublin region. The new well is located in Nowy Stręczyn in the Cyców commune, in the county of Łęczna.

More

PKN ORLEN's portfolio of exploration licences increased to ten

The Ministry of the Environment has issued its approval regarding the assignment of two licences held by ExxonMobil Exploration and Production Poland (ExxonMobil), to ORLEN Upstream. The Company is preparing to launch exploration activities in the new licence areas.

More