PKN Orlen comments on shale gas

In a statement releasing its consolidated financial results for 1st quarter 2010, PKN Orlen commented on their interest in shale gas.

"Works are also conducted in the scope of upstream projects in Poland and in the Baltic shelf. Actions in the scope of exploration for resources of unconventional gas (so-called shale gas) are intensified. ORLEN Upstream commenced another stage of exploration works for resources of crude oil and natural gas in the Lublin region. These works are being conducted on concession blocks: Bełżyce, Garwolin, Lublin, Lubartów, Wierzbica and comprise undertaking field, reflexive seismic 2D surveys. In the area of Lublin, on concessions belonging to PKN ORLEN there are Low Paleozoic structures (Silurian, Ordovician) with relatively low vessel parameters, which may contain shale gas."

Source:  PKN Orlen