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In 2017, PGNiG’s capital expenditure in the Exploration and Production segment amounted to PLN 867m, 4% more than in 2016.

Exploration expenditure was made mainly on appraisal and exploratory wells (with the largest amount – PLN 75m – spent on the Kramarzówka appraisal well) and on seismic and geophysical work (with the largest amount – PLN 51m – spent on 3D seismic surveys in the Rybotycze-Fredropol area). PGNiG’s total expenditure on exploration work in Poland and abroad amounted to PLN 475m.

The most important production projects

The most important production projects included the production wells in the Lubiatów-Międzychód-Grotów area (PLN 71m) and development of the Radoszyn deposit (PLN 26m). PGNiG’s total expenditure on upstream projects in Poland and abroad amounted to PLN 392m.

In 2017, capital expenditure made in Pakistan totalled PLN 100m, and was 2% higher than in 2016.

In 2017, capital expenditure in Norway totalled PLN 275m. PGNiG UN and its partners continued work on the development of the Gina Krog, Ærfugl, and Skogul fields. Drilling of additional production wells on the first of those fields is under way, which helps optimise the financing of the project. Production is expected to reach the assumed level after completion of the drilling campaign in 2019. In December 2017, development plans for the Ærfugl and Skogul fields were submitted for approval. Drilling of production wells and installation of downhole equipment in both fields is planned for 2019/2020, while production is scheduled to start in 2020.