Amoco unit acquires two blocks covering 2. 7 million acres in Poland

Journal Article · Mon Oct 12 00:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:6988412

This paper reports that an Amoco Production Co. unit has signed the first agreement by a western company for conventional petroleum exploration rights in Poland. The agreement between Amoco Poland Ltd. and Poland's Ministry of Environmental Protection, Natural Resources, and Forestry calls for Amoco to make an initial $20 million investment to conduct seismic surveys and drill wildcats on two blocks. Block A is a 1,695,750 acre spread southwest of Warsaw in the heart of the Polish trough. Block B covers about 979,000 acres southeast of Lublin on the Polish-Ukrainian border. The state has an option to acquire as much as 30% interest in future hydrocarbon development.

• OSTI ID: 6988412
• Journal Information: Oil and Gas Journal; (United States), Vol. 90:41; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
02 PETROLEUM
PETROLEUM INDUSTRY
INTERNATIONAL COOPERATION
POLAND
ENVIRONMENTAL POLICY
RESOURCE DEVELOPMENT
TAX LAWS
PLANNING
HYDROCARBONS
INVESTMENT
OIL FIELDS
OIL WELLS
SEISMIC SURVEYS
WELL DRILLING
COOPERATION
DEVELOPING COUNTRIES
DRILLING
EUROPE
GEOLOGIC DEPOSITS
GEOPHYSICAL SURVEYS
GOVERNMENT POLICIES
INDUSTRY
LAWS
MINERAL RESOURCES
ORGANIC COMPOUNDS
PETROLEUM DEPOSITS
RESOURCES
SURVEYS
WELLS
294002* - Energy Planning & Policy- Petroleum
020700 - Petroleum- Economics
Industrial
& Business Aspects
020300 - Petroleum- Drilling & Production
020200 - Petroleum- Reserves
Geology
& Exploration