Central European Petroleum (CEP) has discovered oil in the Wolin East 1 well in the Baltic Sea, approximately 6 km offshore from Świnoujście.
The discovery is estimated to contain 200 million barrels of oil equivalent.
The well, drilled using a jack-up rig, reached a vertical depth of 2715 meters and has a 62-meter hydrocarbon column.
There is also significant low-risk exploration, appraisal, and secondary recovery potential in the Main Dolomite and deeper Rotliegend formation, resulting in over 400 million barrels of recoverable hydrocarbon resources.
“This is a historic moment for both Central European Petroleum and Poland’s energy sector. We view this discovery as a foundation for long-term, responsible development of Poland’s offshore resources. Wolin East is more than just a promising field – it represents a shared opportunity to unlock the full geological and energy potential of the Baltic Sea.” said Rolf Skaar, CEO of CEP.
“The discovery of the Wolin East hydrocarbon deposit – although it still requires the preparation, submission, and approval of the deposit’s geological documentation – may prove to be one of the breakthrough moments in the history of hydrocarbon exploration in Poland, especially with regard to areas that have so far remained insufficiently explored, such as Poland’s Exclusive Economic Zone in the Baltic Sea. If this discovery is ultimately confirmed, the Wolin East deposit could become the largest oil and associated natural gas field discovered in Poland to date. The future development of this site may significantly contribute to strengthening Poland’s energy security and reducing its dependence on external hydrocarbon suppliers, provided that all necessary formal requirements enabling its exploitation are met in advance.” said Krzysztof Galos, Undersecretary of State and Chief Geologist.
“We are advancing conceptual infrastructure development studies utilising the latest technology and Wolin East is poised to become a vital component of Poland’s domestic energy portfolio. Our focus is on ensuring that development moves forward swiftly in a manner that is technically sound, aligned with the country’s strategic interests, and carried out in close cooperation with national stakeholders,” Skaar added. -OGN / TradeArabia News Service
