ORLEN has signed a three-year deal to buy Norwegian crude from Equinor, with volumes reaching over nine million metric tons a year. Supply from the Johan Sverdrup field starts in September and will feed ORLEN's refineries in Poland, Lithuania and Czechia.
ORLEN SA has agreed to buy five to more than nine million metric tons of crude oil a year from Norway under a three-year contract with Equinor ASA. Deliveries begin in September, Equinor said Thursday in an online statement.
Johan Sverdrup crude heads to three refineries
Equinor will ship crude oil from the Johan Sverdrup field to ORLEN's refineries in Poland, Lithuania and Czechia, with the deal also leaving room for other crude grades from the Norwegian continental shelf. Equinor recently said it plans to extend Johan Sverdrup's output beyond the current phase 3 development. Appraisal wells at Tonjer and Geitungen pointed to increased oil volumes there. Preliminary estimates put those finds at 20 to 30 million barrels of oil equivalent, which could form the basis of a phase 4. ORLEN management board president Ireneusz Fąfara said Norway is expected to account for up to one-quarter of the company's yearly demand.
Equinor's Polish footprint extends into wind and gas
Beyond crude, pipeline gas and LNG, Equinor is growing its energy presence in Poland. Alongside Polenergia SA, the company is building the Bałtyk 2 and Bałtyk 3 offshore wind farms. Together the two projects will reach 1,440 megawatts of capacity, enough to power more than two million Polish households, according to the partners. The projects reached financial close last year, securing EUR 3 billion, or about $3.51 billion, for each wind farm. First delivery to the grid is expected next year, with commercial operation targeted for 2028.
On the gas side, Equinor and ORLEN earlier this year announced the Sissel discovery in the North Sea, estimated to hold 6.3 to 28.3 million oil-equivalent barrels, mostly gas with some condensate, to be connected to the Baltic Pipe. ORLEN also won six exploration and production licenses in Norway's latest licensing round, including the Victoria discovery, which it estimates could hold up to 140 billion cubic meters of tight gas resources.
Source: Rigzone
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