PKN ORLEN Supervisory Board completed composition of the management board
During its meeting today, the Supervisory Board of Polski Koncern Naftowy ORLEN Spolka Akcyjna appointed Jacek Strzelecki Vice President, Chief Financial Officer
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During its meeting today, the Supervisory Board of Polski Koncern Naftowy ORLEN Spolka Akcyjna appointed Jacek Strzelecki Vice President, Chief Financial Officer
The ORLEN Group has reinforced its position in the offshore wind sector after the Baltic East project won an auction for offshore wind farms conducted by the President of the Polish Energy Regulatory Office (URE). The outcome represents a major step towards expanding renewable energy capacity and strengthening the security and stability of Poland’s energy system.
ORLEN’s Norwegian subsidiary has completed the purchase of equity in the Albuskjell and Vest Ekofisk fields in the North Sea, adding approximately 8 million barrels of oil equivalent to its resource base. Both fields, together with Tommeliten Gamma, are part of the Previously Produced Fields (PPF) Project which has been recently sanctioned for development. Once brought online, those three fields will increase ORLEN Upstream Norway production by 420 million cubic meters of gas annually.
ORLEN has signed an agreement with Synthos to acquire full ownership of S54, the company developing a new butadiene extraction unit. Once completed, the unit will become an integral part of ORLEN’s Production Plant in Płock, allowing the Group to preserve an extended petrochemical value chain. The transaction, valued at approximately PLN 692 million, together with a package of accompanying agreements, also puts the existing relationship between the parties on a sound footing and lays the groundwork for further cooperation on transparent, mutually beneficial terms.