PGNiG Upstream Norway AS was established in 2007. Its main task is to explore for and produce oil and gas from fields on the Norwegian Continental Shelf.
The Company is a part of the PGNiG Group. The sole owner is Polskie Górnictwo Naftowe i Gazownictwo SA, which is the largest exploration and production company in Poland. It is the leader in the natural gas industry in Poland, responsible for maintaining energy security in the country. PGNiG has been listed on the Warsaw Stock Exchange since 2005.
In 2010, PGNiG Upstream Norway pre-qualified as an operator on the Norwegian Continental Shelf. This enabled the company to take a leading role in offshore oil and gas exploration and development projects.
During its first ten years, PGNiG Upstream Norway has actively participated in Norwegian licensing rounds. Currently, the company holds 21 exploration licenses. The company intends to maintain its active role in exploration, including applying for additional production licenses.
In 2012, PGNiG Upstream Norway participated in production of oil and gas from the Skarv Field. Thus, PGNiG became the first Polish company with a significant international hydrocarbon production as part of its portfolio.. In addition this was also PGNiG’s first offshore producing field.
Currently, PGNiG Upstream Norway produces hydrocarbons from 5 oil and gas fields (Skarv, Vilje, Morvin, Vale, and Gina Krog). In addition it also participates in two development projects, the Snadd and Storklakken Fields. The company’s resources in Norway amount to 78 million barrels of oil equivalents (as of 1 January 2017). The company has its base in Sandnes, Norway.