LOTOS

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  • New oil fields in Norway
    Upstream activity 2016-09-01 New oil fields in Norway

    A new crude oil field discovered in the Norwegian sector of the North Sea opens up new opportunities for LOTOS Norge’s growth and adds to its production potential.

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  • LOTOS to exploit the potential of the Yme field
    Upstream activity 2016-08-25 LOTOS to exploit the potential of the Yme field

    A breakthrough was made towards redevelopment of the Norwegian Yme field, in which LOTOS Norge holds a 20% interest. The faulty production platform has just been removed from the field, to facilitate further work on its full development.

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  • More hydrocarbons for LOTOS in Norway
    Upstream activity 2016-08-09 More hydrocarbons for LOTOS in Norway

    Statoil, LOTOS Norge and Total Norge, which together hold the Utgard licence (formerly Alfa Sentral), have submitted the Plan for Development and Operation of the licence to the Norwegian and British regulators. Production from the Utgard field is scheduled to start in late 2019.

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  • LOTOS reports record-high volumes of production
    Upstream activity 2016-04-04 LOTOS reports record-high volumes of production

    In the first quarter of 2016, LOTOS produced over 2.5 million barrels (ca. 350 thousand tonnes) of oil equivalent (boe), which translates into a daily production volume of almost 30 thousand boe. To compare, production in the first three months of 2015 amounted to some 1 million boe. Three-fourths of the volumes come from fields in Norway, while the balance was produced in the Baltic Sea and in Lithuania.

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  • LOTOS increases crude oil production
    Upstream activity 2016-02-12 LOTOS increases crude oil production

    In February 2016, total production of crude oil by LOTOS Petrobaltic, LOTOS Norge and LOTOS Geonafta, which operate in Poland, Norway and Lithuania, crossed the mark of one million barrels. 

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  • LOTOS acquires new assets in Norway and delivers a strategic objective
    Upstream activity 2015-11-02 LOTOS acquires new assets in Norway and delivers a strategic objective

    LOTOS Exploration and Production Norge AS has entered into an agreement with ExxonMobil Exploration and Production Norway to acquire a portfolio of assets in the Sleipner gas field located in the North Sea.

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  • LOTOS plans to raise PLN 1bn for development
    General 2014-08-12 LOTOS plans to raise PLN 1bn for development

    The Extraordinary General Meeting of Grupa LOTOS S.A. to be held on September 8th 2014 will decide whether to approve increasing the Company's share capital by issuing new shares, which would be offered to the Company’s existing shareholders. LOTOS expects to raise approximately PLN 1bn through the issue. The proceeds will be used to finance the Company’s strategy, which envisages further investments to increase the refinery's complexity and step up hydrocarbon production.   How much money is obtained from the issue will depend on the macroeconomic climate, capital market conditions, demand for the shares, and final terms and conditions of the offering.

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  • LOTOS and PGNiG to work together in Norway
    Upstream activity 2014-05-12 LOTOS and PGNiG to work together in Norway

    LOTOS Exploration & Production Norge and PGNiG Upstream International have signed a letter of intent for collaboration in projects on the Norwegian Continental Shelf. The companies are to work together in the review and pursuit of potential acquisitions, and will participate together in licensing rounds held by the Norwegian Ministry of Petroleum and Energy.

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  • Crude oil discovered in the LOTOS Norge licence area
    Upstream activity 2014-02-24 Crude oil discovered in the LOTOS Norge licence area

    Following the drilling of an exploration well in the Trell prospect, the presence of crude oil was confirmed in the PL 102F licence area. LOTOS Exploration & Production Norge holds an interest in this licence, acquired in 2013 as part of the Heimdal portfolio. This marks the first time oil has been discovered in a Polish-held Norwegian licence area.

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  • LOTOS awarded two new licenses in Norway
    Upstream activity 2014-01-31 LOTOS awarded two new licenses in Norway

    Lotos Exploration & Production Norge AS has been awarded two new production licenses on the Norwegian Continental Shelf. The offers were issued on the 21st of January after the authorities had evaluated applications from 50 companies in the Awards in Pre-defined Areas (APA) 2013.

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