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About LOTOS Petrobaltic
LOTOS Petrobaltic S.A. has an exclusive concession for the exploration and production of hydrocarbon fields in the Polish Off-shore Economic Zone of some 29 000 sq. km.
LOTOS Petrobaltic S.A. operates within the Polish Economic Zone of the Baltic Sea of some 29 000 sq. km. LOTOS Petrobaltic’s concessions for the exploration of hydrocarbons comprise of 7 license areas totalling over 7 100 sq. km, located in the eastern part of the Polish Off-shore Economic Zone.
LOTOS Petrobaltic also has concessions for oil and gas exploration & production from fields B3, B4, B6, and B8. Currently, production is from oil field B3, and field B8 is undergoing appraisal before production commences.
Pursuant to the development strategy adopted in 2008, Petrobaltic has been exploring hydrocarbon fields and structural facilities located in the company’s license areas.
Performance of LOTOS Petrobaltic S.A.
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | |
| Production ['000 tonnes] | 253.4 | 233.5 | 265.5 | 190.6 | 256.9 | 175.4 | 186.5 |
| Total income [PLN m] | 264.7 | 371.7 | 424.4 | 377.7 | 480.8 | 317.7 | 373.3 |
| Gross profitalibity [%] | 43.7 | 56.6 | 60 | 50.4 | 59.6 | 14.8 | 26.8 |
LOTOS Petrobaltic has formed its own Capital Group that comprises of several subsidiary companies. LOTOS Exploration & Production Norge AS is to provide LOTOS Petrobaltic and LOTOS Group with access to crude oil located within the Norwegian shelf in the North Sea and the
