ORLEN Upstream Norway has entered into an agreement with TotalEnergies EP Norge to acquire interests in the Tommeliten Gamma field, located in the Ekofisk region of the North Sea.
Finalisation of the transaction will increase ORLEN’s reserves by approximately 6 million barrels of oil equivalent. Production from the field is expected to commence in 2029.
“This acquisition supports ORLEN’s strategic goal of strengthening its portfolio and improving energy security for its customers,” said Ireneusz Fąfara, president of the Management Board of ORLEN.
“We increase interest in the field that is expected to deliver up to 300 million cubic meters of gas annually at peak production, helping meet Poland’s energy demand and contributing to ORLEN’s energy transition efforts, while also creating value for shareholders.”
Under the agreement, ORLEN Upstream Norway will acquire additional 20.23% interest in the Tommeliten Gamma field, increasing its total stake to 62.61%.
The field is operated by ConocoPhillips and located in the well-established Ekofisk area, where ORLEN already has a presence through its stake in the producing Tommeliten Alpha gas field.
“Thanks to historical production data we have a solid understanding of the characteristics of Tommeliten Gamma and precise information on its resources,” said Wiesław Prugar, member of the management board of ORLEN, Upstream. “This allows us, together with our partners representing leading global oil and gas companies, to prepare development plan that keep capital costs under control while aiming for strong production results.
“Planning is already well advanced, and an investment decision is expected by the end of the year.”
ORLEN increases gas and oil reserves as it acquires interests in the North Sea Field
