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Finance

Orlen with green light for Tyrving oil field development

Poland’s largest energy company, Orlen Group announced via Twitter on Friday (9 June) that it has obtained permission to develop the Tyrving conventional oil field in the North Sea.

The deposit will be exploited using the existing infrastructure, enabling a 50-fold reduction in carbon emissions compared to standard levels, Orlen said.

Orlen is a co-owner of the Tyrving field, holding a 12 per cent stake, along with Norwegian Aker BP (61 per cent) and Petoro (27 per cent).

The field was discovered in 1973 and is located in shallow waters within block 25/5P (PL 102 F), 25/5P (PL 102 G), 25/4P (PL 036 E), and 25/5P (PL 036 F) at a water depth of approximately 397 feet.

The field is currently in the construction stage, following the final investment decision (FID) approved in 2022. Commercial production is scheduled to start in the first quarter of 2025.


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