Project Profile
Value: US$490 million (approximately)
Location: Baltic Sea, Poland
Reserves: 3.5 million tonnes of crude oil
Production: 250,000t of crude oil a year
Start-up Year: 2015
The B8 offshore oil field was discovered in 1983 by the drilling of the B8-1 well. The field is located in the Polish economic zone of the Baltic Sea, approximately 70kilometres north of Jastarnia. LOTOS Petrobaltic (LPB) fully owns and operates the oilfield. The B8 field is estimated to contain 3.5 million tonnes of crude oil reserves. It is expected to produce 250,000t of crude oil a year. First production from the field occurred on the 5th of November 2015, while commercial production is scheduled to begin in mid-2016.
B8 oil field development details
The development plan for the field involves the drilling of development wells and water injection wells, and installation of subsea producing infrastructure. The produced crude oil will be transported through a 35kilometres-long undersea pipeline to the Baltic Beta floating platform located at the B3 field, which is in production. The crude oil will then be processed by the Lotos oil refinery located in Gdansk.
Operators:
LOTOS Petrobaltic (LPB): Operator with 100% interest
Contractors:
EPG, Nauta and Crist from MARS Shipyards & Offshore: In 2014 were awarded the contract to convert the Petrobaltic rig from a drilling rig into a production unit.
Subcontractors: