Overview
In 2019, Kusmar Oil remained a leader in terms of the volume of the resource base and the efficiency of geological exploration. Kusmar Oil EP has preferential access to exploration acreage due to its relationship with the Poland Government
Additional info
Together with the pre-emption rights to acquire existing oil and gas assets offered for sale, the Company has access to new areas obtained by Kusmar Oil EP via direct negotiations with the government. Such advantage allows the Company to replenish its exploration portfolio and to compete effectively with the largest transnational oil corporations.
The Company maintains that the potential for exploration in Poland is considerable, both offshore and onshore.
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Onshore the country has been
well explored down to a depth of 3 – 3.5 kilometres. Kusmar Oil EP believes, however, that there are large potential resources lying beneath that depth, particularly in the subsalt horizons.
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The Company is planning to continue
seismic studies at existing exploration blocks andplanning to drill exploration wells targeting subsalt structures as well as looking for additions to the Company's exploration portfolio using Kusmar Oil 's right for direct negotiations with the Government for new exploration licenses.
What We Do
Kusmar Oil is one of the leading oil refineries in Poland.
Kusmar Oil key objectives are the reserve replacement ratio at a minimum level of 100%, effective production at brownfields, and production increase through the development of Greenfields, creation of new production clusters on the development of technologies, and implementation of high-level project management practices, monetization of gas reserves and competitive production growth, optimal configuration of the refineries and maximization of profits in distribution.