20-06-08 Polish natural gas monopoly Polskie Gornictwo Naftowe i Gazownictwo, or PGNiG, said it awarded a 1.7 bn zloty (EUR 530 mm) contract to launch oil and gas output from its field in Poland to a consortium led by Italian unit of Technip and local company PBG.
Under the contract, the consortium, which also includes Thermo Design Engineering from Canada, will allow PGNiG to start mining oil and gas from its LMG field in Western Poland.

The consortium has 56 months to finalize the project which includes 14 oil and gas wells, several oil and gas pipelines and other infrastructure. Proven reserves of oil in the LMG field are 53.5 mm barrels, while proven reserves of natural gas in the field total 5 bn cm.
After the mine is in operation in 2013, PGNiG's oil output will increase by about 50 % to 6.6 mm barrels a year from the current 4.4 mm barrels.