* Concession No 11/2011/p for exploration of oil and gas fields in “Lidzbark Warmiński” area (a part of concession blocks no 73 and 74) covering 895.23 km2;
* Concession No 22/2011/p for exploration of oil and gas fields in “Węgorzewo” area (a part of concession block no 56) covering 134.26 km2;
* Concession No 23/2011/p for exploration of oil and gas fields in “Kętrzyn” area (part of concession block no 75) covering 683.25 km2.
The total area under awarded concessions is 1,712.74 km2.
The validity period of each concession has been set at 3 years from the date of awarding.
Pursuant to the terms and conditions of the awarded concessions the scope of exploration works has been divided into two stages where the first one, to be realised within 12 months, covers reprocessing, reinterpretation and analysis of geological data and the second, scheduled for 24 months, — the acquisition of a seismic 2D survey.

The awarding of concessions for oil and gas exploration  which will in particular enable exploration of shale gas fields is a result of extending the PETROLINVEST Group strategy within that segment, which envisions Silurian as the operator in the awarded areas under concession. The provision of maintenance services (geological analyses, renting and maintenance of equipment, drilling, water management and site recultivation) for entities which hold concessions for exploration, appraisal and production of shale gas in Poland remains an important element of the strategy as regards shale gas.

The extension of the strategy and applying for a concession was also a result of consultations with potential foreign partners of Silurian and their significant interest which was largely caused by the news of high probability of shale gas fields being present in Poland. The latest reports on potential gas reserves, presented by the U.S Energy Information Administration show that Poland may have even 5.3 trillion m3 of shale gas which would secure the current level of gas consumption in Poland for approximately 300 years.

The competence of the Silurian team and their knowledge of local conditions are significant to the American business partners whose aim is to be present on the large market and to prove that technology which they use is safe, effective and profitable.

Download current report no. 48/2011