Poland

Baltic Sea

• Oil production from the B3 field continued,
• Development of the B8 oil field continued. This included drilling of two injection wells and running of a test production,
• An investment agreement was executed with CalEnergy Resources Poland, for joint development of and production from the B4 and B6 gas fields,
• Analyses and exploration work were conducted to examine the possibility of developing new areas.

Onshore:

• An agreement was signed with PGNiG on cooperation in exploration for and production of conventional and unconventional oil and gas, as well as commercial cooperation on PGNiG's onshore licences.

Lithuania

• LOTOS Petrobaltic purchased the remaining 50% interest in UAB Manifoldas, gaining full control of the company,
• Six production wells were drilled,
• The unconventional potential of the Lithuanian licences was analysed.

Norway

• Steps were taken to recover capital invested so far in the YME project,
• Steps were taken to acquire interests in a production field on the Norwegian Continental Shelf,
• Two exploration wells were drilled on the PL 497 and PL 498 licences,
• Two exploration licences (PL 643 and PL 655) were awarded in licensing round APA 2011.

In the upstream segment, ongoing efforts are being made to identify new oil and gas prospects. Current exploration activities, including seismic surveys and exploration drilling, are being carried out to confirm the presence of hydrocarbons prior to further field development. Exploration activities under way on the Baltic Sea are focused on evaluating the resource potential of the Gotland, Łeba, Sambia E and Sambia W licence areas, and the possibility of developing the prospects there. Preparations are also being made for the drilling of an exploration well on the Rozewie licence.

In 2012, two exploration wells were drilled in the Norwegian Continental Shelf, neither of which provided a flow of hydrocarbons. Other exploration work being carried out in Norway is focused on the acquisition of seismic data.

In Lithuania, planned exploration activities include the drilling of exploration wells under licences held by UAB Manifoldas, conduct of an extensive seismic acquisition programme, analysis of the possibility of intensifying production by carbon dioxide injection, and continued evaluation of unconventional resources.