Poland’s PGNiG discovers more gas in the Podkarpacie region

Energy Trade

Photo by Pavel Kapysh / Shutterstock.com

Polish oil and gas company PGNiG announced it has successfully drilled another well on the Mielec–Bojanów fields. Together with the previous wellbore in the area, the Korzeniówek-2K appraisal well will ultimately add approximately 24 million cubic meters (mcm) per year to PGNiG’s natural gas output, PGNiG said in a statement. 

Photo by Pavel Kapysh / Shutterstock.com

Korzeniówek 2-K is located in the village of Pustków, in the county of Dębica. Exploration work in the area was commenced in late 2017.

The recorded flow of high-methane natural gas is typical of the region’s prevalent geological structure, the Carpathian Foredeep Basin miocene formation.

According to PGNiG’s estimates, annual gas production from Korzeniówek-2K will be close to 17.4 mcm, plus approximately 6.6 mcm from the previously drilled Korzeniówek-1K.

ADVERTISEMENT

Wizz Air issues EUR 500 mln bond Transport

Wizz Air issues EUR 500 mln bond

1,438 new COVID-19 cases registered in Hungary Figures

1,438 new COVID-19 cases registered in Hungary

Gov't to roll out PIT exemption for Hungarians under 25 Government

Gov't to roll out PIT exemption for Hungarians under 25

Tourism nights down 85% y.o.y. in November 2020 Tourism

Tourism nights down 85% y.o.y. in November 2020

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.