Gas Producers in Poland Switch Attention to Conventional Production

Palomar Natural Resources and San Leon Energy said on Tuesday that they should bring gas online from the Rawicz-12 well in Poland in early 2016. 

‘The current development plan is based upon building a scalable central processing facility to handle the gas production from adjacent prospects on the Rawicz Concession, which PNR estimates to be in excess of 100 Bcf’ reads a note released on Tuesday.

According to the two companies, Rawicz field is expected to be the largest gas development in Poland for around 20 years. 

The Rawicz project is operated by Palomar Natural Resources with 65% equity, and San Leon has no up-front drilling costs for its 35% equity share of the first two wells.

“We are quickly moving forward with the development of the Rawicz gas field, and the confirmation of reserves from the CPR is a very positive step. San Leon and PNR are focused on first production and expanding our development using modern drilling and completion technology to unlock the significant remaining reserves in this under-explored basin, where some of the best gas prices in Europe can be found” John Buggenhagen, Palomar Natural Resources CEO, commented.

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