Development of the B4/B6 gas fields
The purpose of the project is to develop and produce natural gas from the B4 and B6 fields in the Baltic Sea together with CalEnergy Resources Poland. In the summer of 2015, we began the third phase of the project, as part of which detailed technical solutions leading to the development of the fields are to be worked out.
Despite the technical complexity of the project and difficult macroeconomic conditions (significant decline in oil prices) we expect to complete that phase in 2016.
estimated recoverable gas resources of the B4/B6 fields
The fields are planned to be put on stream between 2019 and 2020. The mixture of hydrocarbons (raw gas) will be transported via underwater pipelines on shore and processed into commercial products: natural gas, LPG and condensate, to be subsequently delivered to end users.
In 2015, the LOTOS Petrobaltic Group spent PLN 3.9m on activities continued under the B4/B6 gas field development project. In accordance with relevant agreement, at this stage the project is mainly financed by the partner, CalEnergy Resources Poland.