FX Energy, PGNiG Have High Hopes for Gas at Kunto

FX Energy together with it partner, PGNiG, plan to start drilling an exploration well in August on the Kutno license. a 35,000 acre Rotliegend structure at a depth of approximately 6,500 meters.

The deposit’s structure is similar to those in the Netherlands and the North Sea near the U.K., countries which are Western Europe’s main gas producers after Norway, Rzeczpospolita daily said, citing Piotr Gliniak, head of PGNiG’s exploration department.

The prospect is is estimated to contain some 100 billion cubic metres of gas. If the exploration program is successful, this would result in the doubling of Poland’s available domestic natural gas resources.

Earlier this month, FX Energy reported that a drilling contract for the Kutno well has been signed with NAFTA Pila.

FX Energy is the operator of the Kutno concession; PGNiG and FX Energy have signed a joint operating agreement under which PGNiG will earn 50% interest in the concession.