LOTOS

Header
  • LOTOS reports record-high volumes of production
    Upstream activity 2016-04-04 LOTOS reports record-high volumes of production

    In the first quarter of 2016, LOTOS produced over 2.5 million barrels (ca. 350 thousand tonnes) of oil equivalent (boe), which translates into a daily production volume of almost 30 thousand boe. To compare, production in the first three months of 2015 amounted to some 1 million boe. Three-fourths of the volumes come from fields in Norway, while the balance was produced in the Baltic Sea and in Lithuania.

    more
  • LOTOS increases crude oil production
    Upstream activity 2016-02-12 LOTOS increases crude oil production

    In February 2016, total production of crude oil by LOTOS Petrobaltic, LOTOS Norge and LOTOS Geonafta, which operate in Poland, Norway and Lithuania, crossed the mark of one million barrels. 

    more
  • LOTOS acquires new assets in Norway and delivers a strategic objective
    Upstream activity 2015-11-02 LOTOS acquires new assets in Norway and delivers a strategic objective

    LOTOS Exploration and Production Norge AS has entered into an agreement with ExxonMobil Exploration and Production Norway to acquire a portfolio of assets in the Sleipner gas field located in the North Sea.

    more
  • First oil produced by LOTOS from the B8 field
    Upstream activity 2015-10-06 First oil produced by LOTOS from the B8 field

    LOTOS Petrobaltic, the sole company engaged in crude oil and natural gas exploration and production in the Polish economic zone of the Baltic Sea, has launched initial production from a new field. The field is the B8 oil field, holding an estimated 3.5m tonnes of oil.

     

    more
  • LOTOS Petrobaltic rig ready to launch production from the B8 field
    Upstream activity 2015-05-21 LOTOS Petrobaltic rig ready to launch production from the B8 field

    In the Nauta Shipyard of Gdynia, an overhaul of the LOTOS Petrobaltic drilling rig, undertaken to renew the rig’s classification certificate, has been completed. All work was designed to further improve safety-at-work and environmental performance.

    more
  • LOTOS continues to make progress on its Baltic Sea B8 field development plan
    Upstream activity 2015-02-06 LOTOS continues to make progress on its Baltic Sea B8 field development plan

    Seeking to achieve a reasonable rate of return on its investment and considering the difficult situation on the global oil market, LOTOS Petrobaltic has made a decision to modify its plans for upgrading the ‘Petrobaltic’ rig. At the same time the company would like to clearly state that other work on the development of the B8 field is progressing on schedule.

    more
  • Polish shipyards to modernise drilling rig for the B8 field
    Upstream activity 2014-10-30 Polish shipyards to modernise drilling rig for the B8 field

    LOTOS Petrobaltic S.A. has signed a contract for the conversion of its drilling rig into a production unit. The consortium of the project's contractors consists of companies controlled by Polska Grupa Zbrojeniowa S.A. (Energomontaż – Północ Gdynia and Nauta Shiprepair Yard) and a domestically-owned shipyard, Crist.

    more
  • Grupa LOTOS S.A. supports development of Poland's economy
    Upstream activity 2014-08-25 Grupa LOTOS S.A. supports development of Poland's economy

    Włodzimierz Karpiński, Minister of the Polish State Treasury, and Rafał Baniak, Under-Secretary of State at the Ministry of State Treasury, have visited one of four LOTOS Petrobaltic's drilling rigs operating in the Baltic Sea.

    more
  • First transaction by Polskie Inwestycje Rozwojowe
    Upstream activity 2014-08-25 First transaction by Polskie Inwestycje Rozwojowe

    Thanks to committed efforts by Polskie Inwestycje Rozwojowe S.A. and two banks, Bank Gospodarstwa Krajowego and Bank Pekao S.A., LOTOS will obtain financing for development of the B8 field.

    more
  • LOTOS plans to raise PLN 1bn for development
    General 2014-08-12 LOTOS plans to raise PLN 1bn for development

    The Extraordinary General Meeting of Grupa LOTOS S.A. to be held on September 8th 2014 will decide whether to approve increasing the Company's share capital by issuing new shares, which would be offered to the Company’s existing shareholders. LOTOS expects to raise approximately PLN 1bn through the issue. The proceeds will be used to finance the Company’s strategy, which envisages further investments to increase the refinery's complexity and step up hydrocarbon production.   How much money is obtained from the issue will depend on the macroeconomic climate, capital market conditions, demand for the shares, and final terms and conditions of the offering.

    more