Poland discovers one of the largest oil deposits in Europe

Central European Petroleum (CEP) has announced the largest conventional oil discovery in Poland and one of the most significant conventional oil discoveries in Europe in a decade, located off the Baltic Sea coast of the central European country.

The discovery was made in CEP's Wolin East 1 (WE1) well, about 6 kilometers from the port city of ?winouj?cie in northwestern Poland.

Preliminary figures suggest that the WE1 site contains 22 million tonnes of recoverable crude oil and condensate, along with 5 billion cubic metres of commercial-grade natural gas.

The wider concession area, covering 593 square kilometers, is estimated to contain over 33 million tons of oil and condensate, as well as 27 billion cubic meters of gas.

If confirmed, the discovery would rank as the largest conventional hydrocarbon deposit in Poland and among the largest in Europe in the last 10 years, according to the Polish Press Agency. /CNA

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