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PGNiG Upstream Norway Confirms Recoverable Resources in Adriana Deposit on Norwegian Sea

ENERGYPGNiG Upstream Norway Confirms Recoverable Resources in Adriana Deposit on Norwegian Sea

Drilling operations conducted by PGNiG Upstream Norway on the PL211 CS license in the Norwegian Sea have ended successfully. The exploratory well confirmed the existence of recoverable natural gas and condensate resources in the Adriana deposit, amounting to 28-43 million barrels of oil equivalent.

The Norwegian extraction company of the ORLEN Group, along with its concession partners, conducted drilling aimed at gathering precise information about the Adriana deposit located on the PL211 CS license. A well over 3000 meters long revealed that the deposit contains recoverable natural gas and condensate resources, equating to 28-43 million barrels of oil equivalent – more than originally estimated when the deposit was discovered in 2021, which was then predicted to hold 19-31 million barrels of oil equivalent. The data gathered indicates very good reservoir properties, which may positively affect its eventual exploitation profitability.

PGNiG Upstream Norway bought a 10% stake in the PL211 CS license from Sval Energi AS in May 2023. In December 2023, the company increased its stake in the deposit to 11.92%, thanks to an asset exchange with Wintershall Dea Norge. In addition to Adriana, the license also includes the Sabina deposit, which contains natural gas and crude oil, and its resources are still awaiting confirmation.

The PL211 CS license is located about 20 km southwest of the Skarv extraction area, which is one of the main centers of extraction activity for PGNiG Upstream Norway in the Norwegian Sea. Due to its proximity, potential development of the Adriana deposit could be achieved using the well-established extraction infrastructure of Skarv. This not only would reduce costs and shorten the time required for extraction, but it could also limit CO2 emissions associated with the development of the deposit. This approach fits into the ORLEN Group’s strategy on the Norwegian Continental Shelf, which aims to maximize the use of already owned assets to improve extraction efficiency. Currently, besides the Adriana and Sabina deposits, PGNiG Upstream Norway also owns stakes in the nearby Skarv deposits, namely Alve, Alve Nord, Aerfugl Nord, Idun Nord, Marulk, Ørn, and Verdande.

PGNiG Upstream Norway holds a 11.92% stake in the PL211 CS license. The remaining stakes are owned by Wintershall Dea Norge (38.08%, operator), Petoro (35%), and Aker BP (15%).

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