PGNiG awards contract to Technip
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.
