Poland’s state-controlled energy firm Orlen has signed an agreement with Norwegian gas operator DNO to purchase stakes in two North Sea fields, boosting its reserves by roughly eight million barrels of oil equivalent.
Under the agreement, Orlen Upstream Norway (OUN), the Norwegian subsidiary of Orlen, will acquire all of DNO’s shares in the Albuskjell and Ekofisk Vest fields, 7.6% in each.
The package gives Orlen access to nearly one billion cubic meters of gas, as gas dominates the resources of both fields.
The Albuskjell and Ekofisk Vest fields will be developed in synergy with the neighboring Tommeliten Gamma field, in which OUN already holds a 42.38% stake and plans to raise its share to 62.61%.
Portfolio optimization
In addition to the purchase of the two fields, OUN has agreed to sell 20% of its interest in an exploration license and 0.83% of its interest in the Verdande field to DNO.
“The sale of shares in the Verdande field fulfills Orlen’s strategy of optimizing its production asset portfolio,” said Orlen’s press office.
According to Business Insider, Orlen holds over 100 licenses in Norway with reserves of 415 million barrels of oil equivalent, producing about 110,000 barrels per day and 4.5 billion cubic meters of gas in 2024. Most of this gas reaches Poland via the Baltic Pipe.
“When you share your news through OGV, you’re not just getting coverage – you’re getting endorsed by the energy sector’s most trusted voice.”
