Between March 13th and March 18th 2019, Grupa LOTOS and PGNiG completed two LNG commercial bunkering operations for seagoing ships. These were the first such operations carried out at the sea ports of Gdańsk and Gdynia. LOTOS and PGNiG are set to continue cooperation in LNG bunkering as this will enhance the competitiveness of Polish ports and promote the use of LNG, as an environmentally friendly fuel, in the Baltic Sea.
Due to the deterioration of REBCO quality parameters, the Ministry of Energy decided to halt its supplies at the Adamowo connection point. Grupa LOTOS S.A.’s existing stocks of crude oil allow it to maintain continuity of production at the Gdańsk refinery. The situation has no impact on the quality of fuels sold at LOTOS service stations.
The TETRA critical communication system, implemented and successfully used at the Energa Group, has also been tested in sea and medical rescue operations in the Pomerania region. This most advanced radio communication system in Europe will now also be used by LOTOS Petrobaltic. Offered by Enspirion, the critical communication service will ensure reliable communication both in emergency situations and in day-to-day operations.
The key plant constructed as part of the Grupa LOTOS EFRA Project, namely the Coker Complex consisting of the Delayed Coking Unit (DCU) and auxiliary installations, has reached the Ready For Start-Up (RFSU) status.
LOTOS has launched a new image-building campaign, which is a continuation of “The BEST doesn’t come from nowhere” series. From this week on, a 30-second spot being an extension of the outdoor campaign launched in July, will be run on the Internet and television. The campaign is designed to support customer touchpoints – LOTOS service stations and the entire range of fuel and non-fuel products.
Drilling operations in licence PL442 in the NOAKA area in the North Sea discovered recoverable oil resources estimated at 80–200 mboe (barrels of oil equivalent). Aker BP operates the licence (90.26%) in partnership with LOTOS Exploration & Production Norge (9.74%).
Having performed a periodic credit rating review, the EuroRating agency maintained Grupa LOTOS’ rating at BBB- with a positive outlook. According to the agency’s classification, which is also commonly used by international rating agencies, the maintained level of credit risk indicates Grupa LOTOS has high creditworthiness and a sufficient capacity to meet its financial commitments in the long term.
Production from Norway’s Utgard field was launched on September 16th 2019. The project had been completed about three months ahead of schedule with about 25% savings compared to the assumed budget. LOTOS Exploration & Production Norge (LOTOS Norge) is a partner in the licence, operated by Equinor. The field is an important part of the LOTOS strategy in exploration & production.
PGNiG Supply & Trading (PST), a member of the Polish Oil and Gas Company Group (PGNiG), becomes the exclusive recipient of natural gas produced in Norway by LOTOS Exploration & Production Norge (LOTOS Norge), a LOTOS Group company engaged in exploration and production activities on the Norwegian Continental Shelf.
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