PGNiG Upstream Norway, a subsidiary of Poland’s ORLEN Group, has acquired an additional 19.5% stake from Norway’s Equinor Energy in the Eirin gas field, located in the North Sea off Norway. As a result of the transaction, the volume of gas that ORLEN Group will produce from the field will almost double, to over 1.5 bcm. The purchase will provide PGNiG Upstream Norway with a total of 41.3% share in the Eirin field.
Drilling on Eirin is scheduled to start in the third quarter of 2024, and production is expected to start in the second half of 2025. Two production wells will be drilled in the field, from which gas will be delivered with a subsea pipeline to the platform at the Gina Krog field, in which ORLEN Group also holds a 41.3% stake.
PGNiG Upstream Norway and Equinor’s sales and purchase agreement is still subject to an approval from the Norwegian Ministry of Energy. The remaining stake will be held by Equinor, which is also the operator of the project. The field's reserves amount to approximately 27 mboe, of which more than 85% is natural gas.