The LOTOS Petrobaltic S.A. company implements the strategic objectives of the LOTOS Capital Group in the area of exploration and production of hydrocarbons, namely to increase production in accordance with the priorities of the Polish energy policy and build a strong international exploration and production sector.
By increasing oil production from its own resources, LOTOS pursues the program of diversifying oil supply, thus strengthening Poland’s energy security.
LOTOS Petrobaltic licenses for exploration and prospecting of mineral deposits cover 3 areas with a total surface of 3177 sq km. They are in the eastern part of Poland’s marine basin.
The LOTOS Petrobaltic company, its subsidiaries and jointly controlled entities also hold four licenses for the extraction of minerals from the B3, B4, B6 and B8 field. Currently the B3 and B8 oilfields are operated and the B4 and B6 gas fields are being prepared for development.
In 2013, LOTOS Petrobaltic signed a cooperation agreement with PGNiG on exploring the Górowo Iławeckie licence area in the north-eastern part of Poland, as well as a contract on joint operation in the Kamień Pomorski licence area in the north-western part of Poland. Both companies adopted a joint exploration program in these areas.
The LOTOS Petrobaltic capital group also includes:
- companies from the Miliana Group, specializing in maritime logistics,
- Energobaltic Sp. z o.o. deals with waste gas management accompanying the the crude oil extracted from beneath the bottom of the Baltic Sea,
- special purpose companies established to carry out specific investments (B8 field development).