Central European Petroleum (CEP) has made a significant oil discovery at its 100% owned and operated Wolin East 1 (WE1) well, located in the Baltic Sea, approximately 6 km offshore from the city of Świnoujście in Poland.
The Wolin East discovery is estimated to contain an average of 200 mboe of recoverable oil, sales gas, and natural gas liquids. The Wolin license is estimated to hold over 400 mboe of recoverable hydrocarbons, including low-risk potential in the Main Dolomite (a carbonate rock often serving as an oil reservoir) and the deeper Rotliegend formation (an older sandstone layer important for natural gas).
These estimates make Wolin East the largest conventional hydrocarbon field discovered so far in Poland and one of the largest conventional oil discoveries in Europe over the past decade.