Project Profile
Value: Undisclosed
Location: Western Poland\'s Permian Basin, Poland
Area: 852,000 gross acres (3,450 sq. km)
Start-up Year: 2010
The Fences concession area encompasses 852,000 gross acres (3,450 sq. km) in western Poland\'s Permian Basin. These fields, discovered by PGNiG between 1974 and 1985, produce from structural traps in the Rotliegend sandstone. The Rotliegend is the primary target horizon throughout most of the Fences concession area, at depths from approximately 2,500 to 4,000 metres. Both structural traps and stratigraphic (pinch-out) traps are known to produce gas from the Rotliegend in the region. In addition, we may have identified carbonates in the Zechstein formation, a third type of trap that is known to produce both oil and gas in the region. Polish Oil and Gas Company (PGNiG) is the operator and holds a 51% interest with FX Energy holding a 49% interest. The partners currently produce from four of these eight wells (the oldest of eight wells had a very small reservoir and was depleted in 2010).
Operators:
Polish Oil and Gas Company (PGNiG): Operator with 51% interest
ORLEN Upstream: 49% interest