Kościan Gas Field
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Kościan Gas Field
The Kościan gas field is a natural gas-condensate field located in Poland.The field was discovered in 1999 and began production in 2000. It is currently owned and operated by the Polish multinational oil refiner and petrol retailer, Orlen S.A. Until 2022, the operator was formerly known as Polskie Gornictwo Naftowe i Gazownictwo SA (PGNiG Polskie Górnictwo Naftowe i Gazownictwo S.A. ( en: Polish Oil Mining and Gas Extraction S.A.), abbreviated to PGNiG, is a Polish state-controlled oil and gas company, headquartered in Warsaw, Poland. The company has branches and representative ...), which became part of the ORLEN Group after its acquisition. The total proven reserves of the Kościan gas field are around 371 billion cubic feet (10.5×109m³). The geostrategic influence of the field is minimal, with reserves contributing to 5% of Poland's daily output. The approximate coordinates of the field are 52.0440, 16.8650. Discovery The Kościan gas field was found during t ...
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Poland
Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous member state of the European Union. Warsaw is the nation's capital and largest metropolis. Other major cities include Kraków, Wrocław, Łódź, Poznań, Gdańsk, and Szczecin. Poland has a temperate transitional climate and its territory traverses the Central European Plain, extending from Baltic Sea in the north to Sudeten and Carpathian Mountains in the south. The longest Polish river is the Vistula, and Poland's highest point is Mount Rysy, situated in the Tatra mountain range of the Carpathians. The country is bordered by Lithuania and Russia to the northeast, Belarus and Ukraine to the east, Slovakia and the Czech Republic to the south, and Germany to the west. It also shares maritime boundaries with Denmark and Sweden. ...
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Greater Poland Voivodeship
Greater Poland Voivodeship ( pl, Województwo wielkopolskie; ), also known as Wielkopolska Voivodeship, Wielkopolska Province, or Greater Poland Province, is a voivodeship, or province, in west-central Poland. It was created on 1 January 1999 out of the former Poznań, Kalisz, Konin, Piła and Leszno Voivodeships, pursuant to the Polish local government reforms adopted in 1998. The province is named after the region called Greater Poland or ''Wielkopolska'' . The modern province includes most of this historic region, except for some western parts. Greater Poland Voivodeship is second in area and third in population among Poland's sixteen voivodeships, with an area of and a population of close to 3.5 million. Its capital city is Poznań; other important cities include Kalisz, Konin, Piła, Ostrów Wielkopolski, Gniezno (an early capital of Poland) and Leszno. It is bordered by seven other voivodeships: West Pomeranian to the northwest, Pomeranian to the north, Kuyavian-P ...
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Orlen
Polski Koncern Naftowy Orlen Spółka Akcyjna (PKN Orlen S.A.), commonly known as Orlen, is a Polish oil refiner and petrol retailer. The corporation is a significant European publicly traded firm with major operations in Poland, Czech Republic, Slovakia, Germany, and the Baltic states as well as an operation in Canada. In February 2022, the Polish state was the first shareholder of the company with 27.52% of the shares. PKN Orlen is the fourth largest company in Central and Eastern Europe and is listed in global rankings such as ''Fortune'' Global 500, Platts TOP250 and Thompson Reuters TOP100. History Foundation (1999) The firm was created through the merger of two state-run petrochemical firms: C.P.N. (Centrala Produktów Naftowych), Communist Poland's petroleum retail monopoly and Petrochemia Płock, the state firm in charge of the oil refineries in Płock, the largest complex of its kind in Poland. After the merger of CPN and Petrochemia Płock in 1999, the company was ...
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Natural Gas Field
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Petroleum reservoirs are broadly classified as ''conventional'' and '' unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower permeability, while in unconventional reservoirs, the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulation of liquid oil underground in multiple (potentially linked) reservoirs, trapped as it rises by impermeable rock formations. In industrial terms, an ...
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Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism Th ...
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Oil Refinery
An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha. Petrochemicals feedstock like ethylene and propylene can also be produced directly by cracking crude oil without the need of using refined products of crude oil such as naphtha. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. In 2020, the total capacity of global refineries for crude oil was about 101.2 million barrels per day. Oil refineries are typically large, sprawling industrial complexes with extensive piping running throughout, carrying streams of fluids between large chemical processing units, such as distillation colu ...
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Polskie Górnictwo Naftowe I Gazownictwo
Polskie Górnictwo Naftowe i Gazownictwo S.A. ( en: Polish Oil Mining and Gas Extraction S.A.), abbreviated to PGNiG, is a Polish state-controlled oil and gas company, headquartered in Warsaw, Poland. The company has branches and representative offices in Russia, Pakistan, Belarus and Ukraine and holds equity interests in some 30 subsidiaries, including providers of specialist geophysical, drilling and well services. PGNiG is one of the largest companies in Poland, the largest Polish oil and gas exploration and production company and is listed on the Warsaw Stock Exchange. History Foundation and early history (1976–1995) PGNiG was established as a state-owned enterprise on September 1, 1982. The company is a successor of the Union of Oil and Gas Mining, which was created by a merger of the Polish Union of Gas Industry and the Oil Industry Union in 1976. Company development (1996–2012) In 1996, the company was transformed into a joint-stock company, owned by the sta ...
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Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must co ...
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Proven Reserves
Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil reserves, natural gas reserves, and coal reserves. It is defined as the " antity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known reservoirs with the existing equipment and under the existing operating conditions." A reserve is considered proven if it is probable that at least 90% of the resource is recoverable by economically profitable means. Operating conditions are taken into account when determining if a reserve is classified as proven. Operating conditions include operational break-even price, regulatory and contractual approvals, without which the reserve cannot be classified as proven. Price changes therefore can have a large impact on the classification of proven reserves. Regulatory and contractual conditions may change, and also affect the am ...
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Geostrategy
Geostrategy, a subfield of geopolitics, is a type of foreign policy guided principally by geography, geographical factors as they inform, constrain, or affect political and military planning. As with all strategy, strategies, geostrategy is concerned with matching means to ends Strategy is as intertwined with geography as geography is with nationhood, or as Colin S. Gray and Geoffrey Sloan state it, "[geography is] the mother of strategy." Geostrategists, as distinct from geopoliticians, approach geopolitics from a nationalist point of view. Geostrategies are relevant principally to the context in which they were devised: the strategist's nation, the historically rooted national impulses, the strength of the country's resources, the scope of the country's goals, the political geography of the time period, and the technological factors that affect military, political, economic, and cultural engagement. Geostrategy can function prescriptively, advocating foreign policy based on geogr ...
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Zechstein Limestone Formation
The Zechstein Limestone Formation is a geologic formation in Germany. It preserves fossils dating back to the Permian period. See also * List of fossiliferous stratigraphic units in Germany See also * Lists of fossiliferous stratigraphic units in Europe These lists of fossiliferous stratigraphic units in Europe enumerate the rock layers which preserve the fossilized remains of ancient life in Europe by the modern countries wher ... References * Paleozoic Poland Permian System of Europe Permian Germany Limestone formations {{Permian-stub ...
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Wolsztyn
Wolsztyn (german: Wollstein) is a town in western Poland, on the western edge of Greater Poland Voivodeship. It is the seat of Wolsztyn County, and of the smaller administrative district of Gmina Wolsztyn. Geography The town is situated within the historic Greater Poland region, located on the small Dojca river, a headstream of the Obra, about southwest of Poznań. The municipal area includes a large lake ('; Wolsztyn Lake), next to which is a palace built in Classical style in the early 20th century, now used as a hotel and restaurant, and a park. Nearby tourist destinations include the Pszczew Landscape Park and the Przemęt Landscape Park. History The current settlement was established about 1285 on a causeway across the swampy Dojca River, probably by Cistercian monks descending from Obra Abbey. It developed as a centre of wool trade and cloth manufacturing on the road from Poznań to Lusatia, vested with market rights in 1424. Wolsztyn's town privileges were con ...
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