Table of Contents
1 Table of contents 2
1.1 List of Tables 6
1.2 List of Figures 8
2
Introduction 9
2.1 What Is This Report About? 9
2.2 How To Use This
Report 10
2.3 Market Definition 10
3 Poland Energy Sector 12
3.1
Poland Energy Sector, Market Overview 12
3.2 Poland Energy Sector, Crude
Oil 13
3.2.1 Poland Crude Oil, Overview 13
3.2.2 Poland Crude Oil,
Supply and Demand Balance 13
3.2.3 Poland Crude Oil, Regulatory Structure
19
3.2.4 Poland Crude Oil, Infrastructure 19
3.3 Poland Energy Sector,
Natural Gas 20
3.3.1 Poland Natural Gas, Overview 20
3.3.2 Poland
Natural Gas, Supply and Demand Balance 20
3.3.3 Poland Natural Gas,
Regulatory Structure 26
3.3.4 Poland Natural Gas, Infrastructure 27
3.4 Poland Energy Sector, Coal 28
3.4.1 Poland Coal, Overview 28
3.4.2
Poland Coal, Supply and Demand Balance 28
3.4.3 Poland Coal, Regulatory
Structure 32
3.4.4 Poland Coal, Infrastructure 32
3.5 Poland Energy
Sector, Electricity 33
3.5.1 Poland Electricity, Overview 33
3.5.2
Poland Electricity, Supply and Demand Balance 34
3.5.3 Poland Electricity,
Regulatory Structure 40
3.5.4 Poland Electricity, Infrastructure 41
4
Poland Fiscal Regime 42
4.1 Poland Petroleum Fiscal Environment 42
4.2
License Terms 42
4.3 Key Fiscal Terms 43
4.4 Sample Cashflows
Calculations 46
5 Poland Upstream Investment Environment Benchmarking
47
5.1 Introduction 47
5.2 The Overall Ranking 47
5.3 Upstream
Fiscal Attractiveness 47
5.3.1 Maximum Government Take Index 49
5.3.2
Maximum State Participation 49
5.4 Oil and Gas Sector Performance 49
5.4.1 Exploration Activity 51
5.4.2 Oil and Gas Production 52
5.4.3
Oil and Gas Reserves 52
5.4.4 Consumption 53
5.4.5 Refining Industry
53
5.5 Economic Performance 53
5.5.1 GDP Growth Index 55
5.5.2 FDI
Confidence Index 55
5.5.3 Balance of Trade Index 55
5.6
Socio-Political Performance 55
5.6.1 Democracy Index 57
5.6.2
Governance Index 57
6 Poland Exploration And Production Sector 58
6.1
Poland, Country Snapshot 58
6.1.1 Poland, Key Data 58
6.1.2 Poland,
Exploration and Production Assets Map 59
6.1.3 Poland, Crude Oil & Natural
Gas Reserves 60
6.2 Poland, Crude Oil And Natural Gas Production 62
6.2.1 Poland, Historical Crude Oil Production 62
6.2.2 Poland, Historical
Natural Gas Production 63
6.2.3 Poland, Crude Oil and Natural Gas
Producing Asset Details 64
6.2.4 Poland, Crude Oil Production Assets by
Area 64
6.2.5 Poland, Natural Gas Production Assets by Area 65
6.2.6
Poland, Crude Oil Production by Company 65
6.2.7 Poland, Natural Gas
Production by Company 66
6.3 Poland, Crude Oil and Natural Gas Forecasts
66
6.3.1 Poland, Forecasted Crude Oil Production 66
6.3.2 Poland,
Forecasted Natural Gas Production 66
6.4 Poland, Exploration Block Details
67
6.4.1 Poland, Total Number of Active Exploration Blocks 67
6.4.2
Poland, Total Number of Active Exploration Blocks by Company 68
6.4.3
Poland, Exploration Blocks Details 68
6.4.4 Poland, Planned Exploration
Blocks Details 75
7 Poland Refining Sector 77
7.1 Poland Refining
Sector, Overview 77
7.2 Poland Refining Sector, Crude Distillation Unit
Capacity 77
7.3 Poland Refining Sector, Fluid Catalytic Cracking Capacity
77
7.4 Poland Refining Sector, Hydrocracking Capacity 78
8 Poland
Pipeline Sector 79
8.1 Poland Pipeline Sector, Overview 79
8.2 Poland
Pipeline Sector, Crude Oil Pipelines 79
8.3 Poland Pipeline Sector,
Petroleum Product Pipelines 80
8.4 Poland Pipeline Sector, Natural Gas
Pipelines 80
9 PGNiG SA 85
9.1 PGNiG, Key Information 85
9.2
PGNiG, Company Overview 85
9.3 PGNiG, Business Description 85
9.3.1
PGNiG, Business Description, Business Overview 85
9.3.2 PGNiG, Business
Description, Distribution 86
9.3.3 PGNIG, Business Description, Others
87
9.3.4 PGNiG, Business Description, Production 87
9.3.5 PGNiG,
Business Description, Trade and Storage 89
9.3.6 PGNiG, Business
Description, Major Products and Services 90
10 Financial Deals Landscape
91
10.1 Asset Transactions 91
10.1.1 SNGN Romgaz To Acquire 30%
Interest In Cybinka and Torzym Concessions From Aurelian Oil & Gas And GB
Petroleum 91
11 Appendix 93
11.1 Methodology 93
11.1.1 Coverage
93
11.1.2 Secondary Research 94
11.1.3 Primary Research 94
11.1.4
Forecasts 95
11.1.5 Expert Panel Validation 97
11.2 Definitions 98
11.3 Unit of Measure 99
11.4 About Global Markets Direct 99
11.5
Contact Us 99
11.6 Disclaimer 99
1.1 List of Tables
Table 1:
Poland, Historical and Forecasted Production and Consumption of Crude Oil,
1996-2020 14
Table 2: Poland, Historical and Forecasted Imports and
Exports of Crude Oil, 1996-2020 16
Table 3: Poland, Historical and
Forecasted Reserves of Crude Oil, 1996-2020 18
Table 4: Poland,
Historical and Forecasted Production and Consumption of Natural Gas, 1996-2020
21
Table 5: Poland, Historical and Forecasted Imports of Natural Gas,
1996-2020 23
Table 6: Poland, Historical and Forecasted Reserves of
Natural Gas, 1996-2020 25
Table 7: Poland, Historical and Forecasted
Production and Consumption of Coal, 1996-2020 29
Table 8: Poland,
Historical and Forecasted Imports and Exports of Coal, 1996-2020 31
Table
9: Poland, Historical and Forecasted Electricity Generation Capacity,
1996-2020 35
Table 10: Poland, Historical and Forecasted Generation and
Consumption of Electricity, 1996-2020 37
Table 11: Poland, Historical and
Forecasted Imports and Exports of Electricity, 1996-2020 39
Table 12:
Poland, Royalty Rates 43
Table 13: Poland, Depreciation Rate On Fixed
Assets, 2007 44
Table 14: Eastern Europe, Investment Benchmarking, Overall
Country Rankings, April 2008 47
Table 15: Eastern Europe, Investment
Benchmarking, Upstream Fiscal Attractiveness, April 2008 48
Table 16:
Eastern Europe, Investment Benchmarking, Oil and Gas Sector Performance, April
2008 49
Table 17: Eastern Europe, Investment Benchmarking, Economic
Performance, April 2008 54
Table 18: Eastern Europe, Investment
Benchmarking, Socio-Political Performance, April 2008 56
Table 19: Poland,
Oil and Gas, Key Statistics, April 2008 58
Table 20: Poland, Total Crude
Oil and Natural Gas Reserves (MMBOE), 2000-2012 61
Table 21: Poland, Total
Crude Oil Production (MMBBLs), 2000-2007 62
Table 22: Poland, Total
Natural Gas Production (BCF), 2000-2007 63
Table 23: Poland, Oil and Gas
Asset Details, April 2008 64
Table 24: Poland Offshore, Total Crude Oil
Production (Barrels), by Assets, 2000-2007 64
Table 25: Poland Onshore,
Total Crude Oil Production (Barrels), by Assets, 2000-2007 64
Table 26:
Poland Offshore, Total Natural Gas Production (MMCF), by Assets, 2000-2007
65
Table 27: Poland Onshore, Total Natural Gas Production (MMCF), by
Assets, 2000-2007 65
Table 28: Poland, Total Crude Oil Production
(MMBBLs), by Company, 2000-2007 65
Table 29: Poland, Total Natural Gas
Production (BCF) by Company, 2000-2007 66
Table 30: Poland, Total Crude
Oil Production (MMBBLs), Forecast, 2008-2013 66
Table 31: Poland, Total
Natural Gas Production (BCF), Forecast, 2008-2013 67
Table 32: Poland,
Total Number of Active Exploration Blocks, 2000-2007 68
Table 33: Poland,
Total Number of Active Exploration Blocks By Company, 2000-2007 68
Table
34: Poland, Oil and Gas Exploration Block Details, April 2008 69
Table 35:
Poland, Oil and Gas Exploration Block Details, April 2008, (Contd.) 70
Table 36: Poland, Oil and Gas Exploration Block Details, April 2008, (Cont' d)
71
Table 37: Poland, Oil and Gas Exploration Block Details, April 2008,
(Cont' d) 72
Table 38: Poland, Oil and Gas Exploration Block Details, April
2008, (Cont' d) 73
Table 39: Poland, Oil and Gas Exploration Block Details,
April 2008, (Cont' d) 74
Table 40: Oil and Gas Planned Exploration Block
Details, April 2008 75
Table 41: Oil and Gas Planned Exploration Block
Details, April 2008 (Cont' d) 76
Table 42: Poland,Europe, Crude
Distillation Unit Capacity (MMTPA), 2000-2012 77
Table 43: Poland,Europe,
Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2012 77
Table 44:
Poland,Europe, Hydrocracking Unit Capacity (MMTPA), 2000-2012 78
Table 45:
Poland,Crude Oil Pipelines, 2007 79
Table 46: Poland,Petroleum product
Pipelines, 2007 80
Table 47: Poland,Natural Gas Pipelines, 2007 80
Table 48: Poland,Natural Gas Pipelines, 2007 (Cont' d) 81
Table 49:
Poland,Natural Gas Pipelines, 2007 (Cont' d) 82
Table 50: Poland,Natural
Gas Pipelines, 2007 (Cont' d) 83
Table 51: Poland,Natural Gas Pipelines,
2007 (Cont' d) 84
Table 52: PGNiG SA, Key Facts, 2005 85
Table 53:
Brent Blend NYMEX Future Prices 97
1.2 List of Figures
Figure 1:
Poland, Energy Sector break-up, 2007 13
Figure 2: Poland, Crude Oil
Production And Consumption, Thousand Barrels Per Day, 1996-2020 15
Figure
3: Poland, Crude Oil Imports And Exports, Thousand Barrels Per Day, 1996-2020
17
Figure 4: Poland, Crude Oil Reserves, Million Barrels, 1996-2020 19
Figure 5: Poland, Natural Gas Production And Consumption, Billion Cubic Feet,
1996-2020 22
Figure 6: Poland, Natural Gas Imports, Billion Cubic Feet,
1996-2020 24
Figure 7: Poland, Natural Gas Reserves, Billion Cubic Feet,
1996-2020 26
Figure 8: Poland, Coal Production And Consumption, Million
Tons, 1996-2020 30
Figure 9: Poland, Coal Imports And Exports, Million
Tons, 1996-2020 32
Figure 10: Poland, Electricity Production by Fuel Type,
2007 33
Figure 11: Poland, Electricity Consumption by End User, 2007
34
Figure 12: Poland, Electricity Generation Capacity, Megawatt, 1996-2020
36
Figure 13: Poland, Electricity Generation And Consumption, Billion
Kilowatt Hours, 1996-2020 38
Figure 14: Poland, Electricity Imports And
Exports, Billion Kilowatt Hours, 1996-2020 40
Figure 15: Poland, Upstream
Oil & Gas Fiscal Regime (Royalty/Tax), Sample Cashflows, 2005-2016 46
Figure 16: Eastern Europe, Country Standings, Upstream Fiscal Attractiveness,
April 2008 48
Figure 17: Eastern Europe, Country Standings, Oil and Gas
Sector Performance, April 2008 50
Figure 18: Eastern Europe, Country
Standings, Oil and Gas Sector Performance, April 2008 (Contd.) 51
Figure
19: Eastern Europe, Country Standings, Number of Active Exploration Blocks
Made Active, April 2008 52
Figure 20: Eastern Europe, Country Standings,
Economic Performance, April 2008 54
Figure 21: Eastern Europe, Country
Standings, Socio-Political Performance, April 2008 56
Figure 22:
Poland, Exploration and Production Assets Map, April 2008 59
Figure 23:
Poland, Total Crude Oil and Natural Gas Reserves (MMBOE), 2000-2012 60
Figure 24: Poland, Total Crude Oil Production (MMBBLs), 2000-2007 62
Figure 25: Poland, Total Natural Gas Production (BCF), 2000-2007 63
Figure
26: Poland, Total Number of Active Exploration Blocks, 2000-2007 67
Figure
27: Global Markets Direct Methodology 93