May 30, 2016 2:11 PM ET

Oil, Gas and Consumable Fuels

Company Overview of LOTOS Petrobaltic S.A.

Company Overview

LOTOS Petrobaltic S.A. explores and produces hydrocarbons and oil and gas in the Polish Economic Zone of the Baltic Sea. The company was formerly known as Przedsiebiorstwo Poszukiwan i Eksploatacji Ztoz Ropy i Gazu Petrobaltic Spotka Akcyjna and changed its name to LOTOS Petrobaltic S.A. in April, 2010. The company was founded in 1990 and is based in Gdansk, Poland. As of February 3, 2005, LOTOS Petrobaltic S.A. operates as a subsidiary of Grupa LOTOS Spólka Akcyjna.

9, Stary Dwór St.

Gdansk,  80-958


Founded in 1990


48 583 01 30 61


48 583 01 43 11

Key Executives for LOTOS Petrobaltic S.A.

President of the Board and Managing Director
Chief Financial Officer
Chief Exploration & Production Officer
Technical Director and Director
Secretary and Member of the Supervisory Board
Compensation as of Fiscal Year 2015.

LOTOS Petrobaltic S.A. Key Developments

LOTOS Petrobaltic Announces Earnings and Operating Results for 2015

LOTOS Petrobaltic announced earnings and operating results for 2015. For the year, the company will produce up to 5,000 boe/d from the B8 field once target production levels are reached. For 2015, upstream EBITDA totaled PLN 185 million compared with a loss of PLN 280 million the year before.

PGNiG and Lotos Petrobaltic Sign Agreement on Continuation of Joint Explorations of Gorowo Ilawieckie, northern east of Poland

PGNiG and Lotos Petrobaltic signed an agreement on continuation of joint explorations of the former's concession Gorowo Ilawieckie, northern east of Poland. The companies, which started cooperation in this area two years ago, hope to discover oil deposits, similar to those located in Lithuania and Kaliningrad. The results of works are expected to be known in the middle of 2015.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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