Lotos Petrobaltic S.A. is a Polish oil company. It was set up in November 1990. On 1 January 1999, the firm was transformed in limited liability company and the only shareholder become the State Treasury. The company is the only firm in Poland performing exploration and production of

crude oil Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude ...

and gas in the

Baltic Sea The Baltic Sea is an arm of the Atlantic Ocean that is enclosed by Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, Russia, Sweden and the North and Central European Plain. The sea stretches from 53°N to 66°N latitude and from ...

B3 oil field B3 is an oil and gas field in the Baltic sea. The field is located 80 km off the Polish coastal town Rozewie. The crude oil is also referred to as Rozewie crude. The API gravity The American Petroleum Institute gravity, or API gravity, is a mea ...

is currently in production and has a 2006 production of 1.9 million bbl/year.
The company has its head office in

Gdańsk Gdańsk ( , also ; ; csb, Gduńsk;Stefan Ramułt, ''Słownik języka pomorskiego, czyli kaszubskiego'', Kraków 1893, Gdańsk 2003, ISBN 83-87408-64-6. , Johann Georg Theodor Grässe, ''Orbis latinus oder Verzeichniss der lateinischen Benen ...

. Exploration and exploitation of oil and gas deposits are performed with three drilling platforms: ''Petrobaltic'', ''

Baltic Beta Baltic may refer to: Peoples and languages *Baltic languages, a subfamily of Indo-European languages, including Lithuanian, Latvian and extinct Old Prussian *Balts (or Baltic peoples), ethnic groups speaking the Baltic languages and/or originatin ...

'' and ''Jacket''. In 2014 Lotos bought new drilling platform (used one from 1989, made in Singapore, transferred from Transocean Offshore Gulf of Guinea Ltd., operating previously in west Africa) for ~ 300 mln. PLN, with cost paid in equal 1/3 pieces by own money,

Nordea Bank Nordea Bank Abp, commonly referred to as Nordea, is a European financial services group operating in northern Europe and based in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the successive ...

credit and SA (ARP) (credit from government related body, with name meaning Agency for developing industry).

References

External links

*{{official, http://www.petrobaltic.com.pl/en/index.htm Energy companies established in 1990 Energy in Poland Companies based in Gdańsk Non-renewable resource companies established in 1990 Oil and gas companies of Poland Polish brands Polish companies established in 1990