Killajoules

Grupa LOTOS S.A. Selects Axens’ Technology for its Coker Naphtha Hydrotreating Unit
The Polish company Grupa LOTOS S.A. has selected Axens to provide the technology license for a new Coker Naphtha Hydrotreater at its Gdansk refinery. This contract is part of the Gdansk refinery development and modernization program based on heavy residue coking technology.

LOTOS Geonafta takes over Lithuanian Manifoldas
November 28th 2012 saw the consummation of an agreement whereby LOTOS Geonafta acquired the remaining 50% interest in Manifoldas. LOTOS Geonafta, which had held a 50% interest prior to the transaction, took full control over the company. Manifoldas is a successful player in Lithuania's hydrocarbon exploration and production sector. The company produces approximately 30 thousand tonnes of crude a year.

LOTOS and CalEnergy to jointly develop gas fields in the Baltic Sea
LOTOS Petrobaltic S.A. and CalEnergy Resources Poland Sp. z o.o. will cooperate in the development of B4 and B6 gas fields on the Baltic Sea. The total quantities of natural gas reserves amount to as much as 4 billion cubic metres. The two companies executed a cooperation agreement in Gdańsk on October 30th 2012.

Drillings on Norwegian licenses
On 7th of September 2012 Lotos EPN spudded its first partner operated well in Norway waters, the 7/11-13 exploration well “Geite prospect” in PL 497. LOTOS has a 10% share in this license. The well is located approximately 30 km west of the Ula filed.

PGNiG and LOTOS team up to explore for oil and gas
Grupa LOTOS S.A. and Polskie Górnictwo Naftowe i Gazownictwo SA entered into an agreement for joint exploration for conventional and unconventional oil and gas and commercial cooperation. The two companies will assess the potential of PGNiG's seven exploration licences.

Acting together to enhance Pomerania’s energy security
Today was the day marking the official launch of south-eastern supply for the city of Gdańsk, and the interconnection system supplying the refinery of Grupa LOTOS S.A. with natural gas. The project is of strategic importance to the region of Pomerania. It will enhance the region’s energy security and support its economic growth.

LOTOS receives Saudi Arabian crude
On 22nd of June "Bareilly" tanker berthed at Naftoport's fuel base. It delivered 60 thousand tonnes of Saudi Extra Light crude oil to Grupa LOTOS S.A.'s refinery in Gdańsk.

Grupa LOTOS signs sales & purchase agreement for 100% of AB Geonafta’s shares
Grupa LOTOS shall increase by 100 thousand tonnes its annual crude oil production. It is possible thanks to sales&purchase agreement of 100% AB Geonafta’s shares, which produces crude oil on territory of the Republic of Lithuania. Closing documents were signed in Vilnius on 3rd of February. It’s another step for Grupa LOTOS corporate strategy completion, that stands for company’s crude production enhancement.