The contract will be valued at DKK26.9 to DKK31.3 million (PLN16.2-PLN18.7 million, respectively), of which 20% will be paid by Nordsofonden, a state-owned company which pursuant to the Danish law holds a 20% share in the license. The final contract value will be established after test profiles are performed on the license, which will allow to settle on the field works’ methodology.
In the opinion of experts, the Danish license offers prospects for the discovery of oil deposits in the Main Dolomite structures similar to those in which oil and gas deposits have been found near Gorzów and in the Pomerania region in Poland. ‘A similar area east of the PGNiG’s license holds 13 oil and gas deposits in Germany (such as Grimmem and Reinkenhagen); further to the east in Poland, there are deposits such as Wysoka Kamienska, Kamien Pomorski, Maszewo. The opposite, southern edge of the basin holds oil and gas deposits near Gorzów, Poland, with a number of further deposits situated further to the west in Germany and Netherlands’, says Waldemar Wójcik, vice-president of the management board of PGNiG for oil mining.
PGNiG signed the first agreement for the transfer of a 40% share in the Danish exploration and production license held by Willumsen Exploration Consultants ApS in December 2007. In March 2009, PGNiG purchased a further 40% share from Odin Energy A/S. Currently, PGNiG holds 80% of shares in the license and is the license operator.
