Anonymous
ID: RDjnEryW
7/22/2025, 9:29:07 AM No.511029911
https://oilprice.com/Latest-Energy-News/World-News/New-Baltic-Find-Could-Be-Polands-Largest-Oil-Discovery-Ever.html
>Central European Petroleum (CEP) has announced a major conventional oil and gas discovery off Poland’s Baltic Sea coast, in what could become the country’s largest hydrocarbon deposit and one of Europe’s most significant finds in the past decade.
>The discovery was made at the Wolin East 1 (WE1) well, located roughly 6 kilometers from the port city of Swinoujscie in northwestern Poland. Preliminary assessments suggest the well contains an estimated 22 million tonnes of recoverable crude oil and condensate, along with 5 billion cubic metres of commercial-grade natural gas.
>The broader concession area spans 593 square kilometers and may hold over 33 million tonnes of oil and 27 billion cubic metres of gas, significantly expanding Poland’s known reserves. As of 2023, the country’s estimated oil reserves stood at just over 20 million tonnes, meaning this single discovery could more than double the national total.
>The WE1 well was drilled using a jack-up rig in 9.5 metres of water and reached a vertical depth of 2,715 metres.
>“This is a historic moment for both Central European Petroleum and the Polish energy sector,” said CEP CEO Rolf G. Skaar. “Wolin East is more than just a promising deposit — it’s a joint opportunity to unlock the full geological and energy potential of the Baltic Sea.”
What are they going to do with all the money?
>Central European Petroleum (CEP) has announced a major conventional oil and gas discovery off Poland’s Baltic Sea coast, in what could become the country’s largest hydrocarbon deposit and one of Europe’s most significant finds in the past decade.
>The discovery was made at the Wolin East 1 (WE1) well, located roughly 6 kilometers from the port city of Swinoujscie in northwestern Poland. Preliminary assessments suggest the well contains an estimated 22 million tonnes of recoverable crude oil and condensate, along with 5 billion cubic metres of commercial-grade natural gas.
>The broader concession area spans 593 square kilometers and may hold over 33 million tonnes of oil and 27 billion cubic metres of gas, significantly expanding Poland’s known reserves. As of 2023, the country’s estimated oil reserves stood at just over 20 million tonnes, meaning this single discovery could more than double the national total.
>The WE1 well was drilled using a jack-up rig in 9.5 metres of water and reached a vertical depth of 2,715 metres.
>“This is a historic moment for both Central European Petroleum and the Polish energy sector,” said CEP CEO Rolf G. Skaar. “Wolin East is more than just a promising deposit — it’s a joint opportunity to unlock the full geological and energy potential of the Baltic Sea.”
What are they going to do with all the money?
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