Killajoules

PGNiG and Qatargas sign memorandum of understanding for the LNG supplies contract
Polskie Górnictwo Naftowe i Gazownictwo SA and Qatar Liquefied Gas Company Ltd have signed a memorandum of understanding concerning the LNG supplies contract of June 29th 2009. Pursuant to the Memorandum, PGNiG i Qatargas, which have a long track record of cooperation, have changed the terms on which the Long-Term Contract will be performed in 2015.

Norway: Total Sells An 8% Interest In Gina Krog Field And Interests In Three Minor Fields
Total announces that its wholly owned subsidiary Total E&P Norge AS has signed an agreement to sell an 8% interest in the Gina Krog field in Norway, together with its interests in the mature fields of Vilje (24.243%), Vale (24.243%) and Morvin (6%), to PGNiG Upstream International. The consideration for the transaction is $317 million, with an effective date of January 1, 2014. The transaction is subject to the approval of the Norwegian authorities.

Conclusion of the next annex to the agreement between Rafineria Trzebinia and PGNiG
Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) announces that on 19 December 2012 Rafineria Trzebinia S.A. (“Rafineria Trzebinia”) and Polskie Gornictwo Naftowe i Gazownictwo S.A. („PGNiG”) signed the next annex (“Annex”) to the agreement dated 15 May 2008 for crude oil deliveries from PGNiG to Rafineria Trzebinia (“Agreement”).

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.

The first shale gas has been produced in Lubocino near Wejherowo, under a licence held by PGNiG SA
Polskie Górnictwo Naftowe i Gazownictwo SA is the first Polish company to have started technological production of shale gas. Prime Minister Donald Tusk and other members of the government arrived at the location to personally participate in the event, which marks a major milestone not only for PGNiG, but also for the entire Polish economy.
The flare is burning at the Lubocino-1 well in the Wejherowo licence area. This opens up the way for further work in the licence area, which is expected to lead to the launch of commercial production of shale gas and to provide confirmation that the forecasts regarding large resources of shale gas in Poland are legitimate.