LOTOS Exploration & Production Norge
LOTOS Exploration and Production Norge AS (LOTOS E&P Norge) is a company in the LOTOS Group, with headquarter in Gdansk, Republic of Poland. The LOTOS Group is 53,19% owned by the Polish state and the remaining 46,81% is listed on the Warsaw stock exchange.The ambition of the LOTOS Group is to develop a strong upstream segment supplementing the strong Refining and Marketing position the Group is holding in Poland.
Establishing of LOTOS E&P Norge in 2007 is a core element of the LOTOS Group upstream strategy and to diversify oil supply to the refinery operations.
LOTOS E&P Norge was prequalified as operator in 2008 and has been active in the asset market and the licensing rounds. LOTOS Exploration and Production Norge AS is currently holding ownership interest in 6 licenses in the exploration phase on the Norwegian Continental Shelf, and is operator for 3 of these.
LOTOS Norge is also a partner in the Yme redevelopment with 20%.
Through the ownership in the company LOTOS Petrobaltic S.A., the LOTOS Group is the single operator and producer of oil and gas from the Polish sector of the Baltic Sea.
LOTOS Petrobaltic will be the core in the upstream segment and LOTOS E&P Norge is a 100% daughter company of LOTOS Petrobaltic.
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