Orlen Upstream Norway to acquire an additional 20.23% stake in Tommeliten Gamma field from TotalEnergies.

Orlen Upstream Norway, an oil and gas company, agreed to acquire an additional 20.23% stake in Tommeliten Gamma field from TotalEnergies, an integrated multi-energy company. Financial terms are not disclosed. “This acquisition supports ORLEN’s strategic goal of strengthening its portfolio and improving energy security for its customers. We increase interest in the field that is expected to deliver up to 300 million cubic meters of gas annually at peak production, helping meet Poland’s energy demand and contributing to ORLEN’s energy transition efforts, while also creating value for shareholders,” Ireneusz Fąfara, ORLEN President of the Management Board.