JOURNAL ARTICLE

Orlen to Buy KPC's Assets in Polish Push for More Norway Gas.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Martewicz, Maciej 3 of 3

Abstract

Poland's largest refiner, Orlen SA, has agreed to purchase oil and gas producing assets on the Norwegian continental shelf from Kuwait Foreign Petroleum Exploration Co. This acquisition will help Orlen increase its gas production in Norway by a third, allowing it to fill about half of the Baltic Pipe link to Poland with its own production. Poland has been investing in alternative gas sources to reduce its reliance on Russian supplies, and this acquisition is part of that effort. Orlen's reserves in Norway will rise to 400 million barrels of oil equivalent, and daily production will exceed 100,000 barrels of oil equivalent. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/11, pN.PAG
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2023
  • Accession Number:173729615
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