Polish PGNiG and LOTOS to cooperate in Norway

May 13, 2014

PGNiG Upstream International and LOTOS Exploration & Production Norge have signed a letter of intent for collaboration in projects on the Norwegian Continental Shelf, PGNiG’s press office said on May 12. The companies are to work together in the review and pursuit of potential acquisitions, and will participate together in licensing rounds held by the Norwegian Ministry of Petroleum and Energy.

"Our joint exploration projects with LOTOS will be an example of business collaboration geared towards greater operating efficiency. We hope that the relationship will be mutually beneficial, allowing both companies to gain a further foothold on the Norwegian Continental Shelf," commented Mariusz Zawisza, President of the PGNiG Management Board.

Source: PGNIG Press Office, 2014