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PGNiG teams up with Chevron for shale gas exploration

13th December 2013
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Both companies will work together on four licenses in Poland

If the exploration process is successful Chevron and PGNiG might estabilish a joint venture company

Poland's natural gas giant PGNiG and the Polish unit of Chevron signed a memorandum on cooperation for shale gas exploration activities on Thursday. The companies are considering establishing a joint venture company if the exploration will be successful.

The cooperation may allow both companies to reduce costs and to accelerate exploration work, PGNiG said in its statement. The firms may also work together on license feasibility assessments.

The Polish firm stressed that the memorandum is part of its policy of openness to cooperation with other companies looking for shale gas deposits in Poland.

The sites that both companies will work on are PGNiG-owned concessions in Tomaszów Lubelski and Wiszniów-Tarnoszyn and the Chevron-run Zwierzyniec and Grabowiec.

Poland A.M.

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