Poland’s state-controlled energy group ORLEN has signed a three-year agreement with Norway’s Equinor for crude oil supplies from the Johan Sverdrup field, with deliveries due to begin in September. Poland’s state-controlled energy group ORLEN has signed a three-year agreement with Norway’s Equinor for crude oil supplies from the Johan Sverdrup field, with deliveries due to begin in September. Annual supplies will range from nearly 5 million to more than 9 million metric tonnes, depending on demand. At the upper end, the contract could cover up to one-quarter of ORLEN Group’s annual crude-oil needs. The oil will be processed at refineries in Poland, Lithuania and the Czech Republic. ORLEN said the deal strengthens supply security across the region. The agreement also allows for deliveries of other crude grades produced on the Norwegian Continental Shelf. The companies already cooperate across oil, gas and lower-carbon projects. ORLEN has also expanded its upstream presence in Norway, including through a recent stake purchase in the Goliat field. Equinor said Johan Sverdrup is currently the largest producing oil field on the Norwegian continental shelf.
