Exploration & Production

PGNiG gains approval to buy stake in Tommeliten Alpha field

Poland’s PGNiG has obtained permission to buy a 42.38% share in the Tommeliten Alpha field offshore Norway from Equinor
By Staff reporter 18 December 2018 0 33735

Poland’s PGNiG has obtained permission from the Norwegian Ministry of Petroleum and Energy to buy a 42.38% share in the Tommeliten Alpha field offshore Norway from Equinor, the Polish company said in a note on Tuesday.

This represents the final condition required for the deal to be finalised. According to PGNiG estimates, the acquisition will allow the company to increase output from its Norwegian portfolio by 500 million cubic metres per year in the first six years of its production from the field,...