Shale gas explorer San Leon is teaming up with US services giant Baker Hughes to jointly develop the Siekierki Gas Field in Poland.
The firms have agreed a deal to develop the field and three concessions in the country, with plans to start gas production from four existing wells on the field.
Under the terms of the agreement, Baker Hughes will provide funding – in the form of both cash and in-kind oilfield services – to bring the wells into production.
In return, Baker is set to receive an as-yet undecided portion of the profits generated by production until its investment has been fully recovered.
“Production from the first four wells in Siekierki will allow San Leon to understand the potential that may exist in the Siekierki complex of fields,” said San Leon executive chairman Oisin Fanning.
“During testing, the Trzek wells produced between 2.0-3.0 mmcfd each, and permissions are already in place for various elements of the infrastructure and export systems required to get the gas to market.”