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Major gas exploration near Wolin set to begin this fall

13.09.2024 09:05
Central European Petroleum (CEP) is set to commence natural gas exploration near Poland's Wolin Island, as reported by "Dziennik Gazeta Prawna." The drilling, scheduled to start in October, will be carried out by the U.S. firm Noble Corporation.
Central European Petroleum (CEP) is starting natural gas exploration near Wolin Island, with drilling operations led by Noble Corporation, potentially impacting the regions economy.
Central European Petroleum (CEP) is starting natural gas exploration near Wolin Island, with drilling operations led by Noble Corporation, potentially impacting the region's economy.Noble Corporation

The Canadian company CEP, which has contracted the U.S. firm Noble Corporation to operate in Poland, plans to explore natural gas deposits along the Polish coast, as confirmed by previous analyses.

The extraction potential in this area could significantly impact the region's economic development. Drilling operations are scheduled to last 45 days, starting in early autumn this year.

According to "DGP," each day of work will cost Noble Corporation around $140,000.

Specializing in international drilling services, the company is capable of conducting extraction operations in waters up to 100 meters deep and drilling to depths exceeding 9 kilometers.

Wolin, located near the LNG terminal in Świnoujście, close to the Polish-German border, and the petrochemical complex in Police, is strategically positioned to facilitate the transport and utilization of resources.

Natural gas deposits within CEP's concession on Wolin could amount to the equivalent of over 300 million barrels of oil.

The company is already in discussions with potential buyers, indicating readiness to move forward with the project.

Although initial plans aimed for gas extraction to start in 2027, delays will push back the project timeline.

Source: "DGP"/Noble Corporation

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