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Lubiatów–Międzychód–Grotów (LMG) oil and gas field, PGNiG

completedstage: operationaldelivered
PLN 1.7 billion
contract value · data from Aug 2008incl. VAT≈ PLN 1.7 billion (value-by-stage, est., nominal)funding: the investor’s own funds

The Lubiatów–Międzychód–Grotów (LMG) oil and gas field is Poland's largest oil and gas mine, built by Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) on the Lubiatów, Międzychód and Grotów deposits, located on the border of the Lubusz Voivodeship (Drezdenko municipality) and the Greater Poland Voivodeship (Międzychód municipality). Development of the field comprised 14 wells with wellhead installations, field pipelines, the LMG Central Facility, and product pipelines for crude oil and natural gas. PGNiG signed the construction contract on 11 August 2008 with a consortium led by PBG SA (together with Technip KTI of Italy and Thermo Design Engineering of Canada), worth more than PLN 1.7 billion gross (around PLN 1.4 billion net). Construction started at the beginning of 2009, and on 22 March 2013 the parties signed the Final Acceptance Protocol. Documented recoverable reserves of the deposits amount to around 7.25 million tonnes of crude oil and around 7.3 billion m³ of natural gas; target average annual output is more than 300,000 tonnes of oil and more than 100 million m³ of natural gas. Bringing the field into operation roughly doubled PGNiG's domestic crude-oil output.

How it went

Assessment: settled, as of 22 Mar 2013. This is our reading, not a verdict, and we show it only where a quote from a source listed below stands behind it. Of the four, one carries no assessment yet, one has an assessment with no confirmed quote. How to read this section

Deliverydelivered[1]
Utilisationin use[1]
wydobycie ropy naftowej i gazu ziemnego
Current
w lutym 2013 produkcja osiągnęła ok. 1 tys. ton dziennie; docelowo ponad 300 tys. ton ropy i ponad 100 mln m³ gazu rocznie

Timeline

  1. Announced11 Aug 2008
  2. Original date10 Apr 2013
  3. Delivery22 Mar 2013

Significance

LMG is Poland's largest oil and gas field. Bringing it into operation significantly increased PGNiG's domestic hydrocarbon output (roughly doubling the country's crude-oil production) and strengthened resource security in the upstream segment. The field developed some of the country's largest deposits, with recoverable reserves of around 7.25 million tonnes of oil and 7.3 billion m³ of gas, with a target annual output of more than 300,000 tonnes of oil and more than 100 million m³ of natural gas.

Sources 5 · 4 independent · 1 archived

Every fact on this card comes from the sources below. Next to each source – which fields it supports.

Independence is counted the same way the gate that admits a record counts it: subdomains and titles from one publisher are a single voice, Wikipedia is zero. That is why the number is lower than the number of links. Three is the minimum.

  1. Forsal.pl2013
    StatusStageCostDeliveryUtilisation
    Status · DeliveryW dniu 22.03.2013 roku strony podpisały Protokół Odbioru Końcowego, potwierdzający zgodność wszystkich wybudowanych obiektów z zapisami umowy
    Stage · UtilisationRozruch technologiczny rozpoczął się w połowie października 2012 r. W lutym br. produkcja z kopalni LMG osiągnęła poziom jednego tys. ton dziennie
    CostCała inwestycja, obejmująca 14 odwiertów, z których wydobywane będą ropa i gaz, jest warta 1,7 mld zł brutto
  2. chemiaibiznes.com.pl2013
    Investor
    InvestorKoncern PGNiG otworzył największą w Polsce kopalnię ropy naftowej i gazu ziemnego Lubiatów.
  3. WNP.pl20 Mar 2013
    AnnouncedOriginal date
    AnnouncedKontrakt na budowę kopalni LMG konsorcjum PBG (lider), Technip KTI (Włochy) i Thermo Design Engineering (Kanada) podpisało z PGNiG 11 sierpnia 2008 r. Jej wartość opiewa na prawie 1,4 mld zł netto.
    Original dateZgodnie z umową, termin realizacji zadania mija 10 kwietniu 2013 r.
  4. Rzeczpospolita (rp.pl)2008
  5. Funding
    Fundinginwestycja byłaby finansowana ze środków własnych i ze źródeł zewnętrznych