San Leon to develop Polish gas field with Baker Hughes
February 13, 2014
Upstream firm San Leon Energy signed a letter of intent with oilfield services firm Baker Hughes Poland on joint development of the Siekierki gas field near Poznan, west-central Poland, San Leon said in a statement on Wednesday.
"The Companies plan to start gas production from three existing wells, namely Trzek-1, Trzek-2ZH and Trzek-3H," the statement reads.
The agreement could lead to the San Leon's "first significant production in Poland," San Leon Executive Chairman Oisin Fanning said as quoted in the statement.
Baker will fund startup production.
"Baker will provide all funding necessary to recomplete and bring into production the wells in the form of cash, in-kind oilfield services, or a combination of both," the statement reads.