PGNiG, Chevron to explore for Polish shale gas together

April 1, 2014

On March 31st 2014, Polskie Górnictwo Naftowe i Gazownictwo SA and Chevron Polska Energy Resources signed a collaboration agreement for shale gas exploration in south-eastern Poland, PGNiG’s press office has said.

As envisaged in the memorandum signed in December 2013, today's agreement will open the first stage of collaboration between the two companies in joint shale gas exploration projects. Under the agreement, the companies will collaborate in appraising shale gas deposits in four exploration licence areas in south-eastern Poland - two owned by PGNiG (Tomaszów Lubelski and Wiszniów-Tarnoszyn) and two belonging to Chevron (Zwierzyniec and Grabowiec).

The detailed scope and schedule of exploration work will be determined by a Joint Technical Committee appointed by both parties. The joint efforts will include drilling of an exploration well.

Pursuant to the agreement, the parties will also exchange geological data on the above-mentioned licence areas as well as experience gathered so far as part of their respective exploration activities.

Source: PGNiG Press Office, 2014