AB LOTOS Geonafta is a company in the LOTOS Group and a daughter company to LOTOS Petrobaltic S.A., headquartered in Gdansk, Poland.
The main activity of AB LOTOS Geonafta is oil exploration, prospecting and production. The company takes the first position regarding oil production in Lithuania at the moment.
AB LOTOS Geonafta is the only Lithuanian company which owns a deep drilling rig and performs drilling activities for itself and for other oil companies in Lithuania. The company also provides geological studies and oil production facilities maintenance and repair services. The scope of drilling and other services is constantly being extended.
The company applies advanced technologies, employs modern equipment and materials in upstream operations, keeps in touch with the industry professionals and suppliers abroad, as well as cooperates with Lithuanian and foreign educational institutions.
The company has two subsidiaries companies: UAB Manifoldas and UAB Genčių nafta.
The employees of AB LOTOS Geonafta have many years of experience in other fields related to the use of Lithuania underground resources, such as possibility studies of geothermal energy usage, natural gas storages, etc. The company keeps on considering any opportunities to participate in such projects.