50.24$US/1 Barrel
54.20$US/1 Barrel
49.60$US/1 Barrel
65.43$US/1 Barrel
75.61$US/1 Barrel
75.71$US/1 Barrel
77.66$US/1 Barrel
65.06$US/1 Barrel
65.01$US/1 Barrel
64.61$US/1 Barrel
46.12$US/1 Barrel
51.25$US/1 Barrel
55.28$US/1 Barrel
56.25$US/1 Barrel
64.72$US/1 Barrel
60.50$US/1 Barrel
62.00$US/1 Barrel
47.25$US/1 Barrel
52.25$US/1 Barrel
53.75$US/1 Barrel
485.00$US/MT
378.00$US/MT
705.00$US/MT
585.00$US/MT
508.00$US/MT
429.00$US/MT
368.00$US/MT
395.25$US/MT
678.00$US/MT
728.00$US/MT
SEATTLE (Oil Monster): Plock, Poland-based leading petrochemical manufacturing company ORLEN announced that it has discovered nearly 250 million cubic metres of gas in the Siedlemin field in the province of Poznan. The exploration drilling was carried out by ORLEN’s subsidiary company, Exalo Drilling.
The results of previous exploration works as well as other gas discoveries in the region have confirmed the promising prospects of the Siedlemin field. The company targets to commence production from the new gas field at the earliest and explore additional prospects in the region. The well-developed production and transmission infrastructure in the region will result in significant cost savings.
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The discovery of the Siedlemin field close to Jarocin highlights the Province of Poznan's dominant position on Poland's energy map, according to Wieslaw Prugar, Member of the ORLEN Management Board, Upstream. In keeping with its pledges, this will assist the corporation in optimizing gas output throughout the nation. He went on to say that local communities will see real financial benefits from the latest discovery.
ORLEN produced 7.1 billion cubic meters of natural gas in 2023, which accounted for almost 42% of the nation's entire consumption. The Province of Poznan alone generated around 1.7 billion cubic meters of this.
By 2035, ORLEN Group hopes to increase Poland's natural gas output to 4 billion cubic meters.