Natural gas condensates (petroleum)

The eighth Stabroek development targets start-up in 2030, with US$12.5 billion in planned investment and capacity for 250,000 bpd of condensate.

The update brings measurement, control, communications and cybersecurity together for hydrocarbon liquids operations.

Q3 LIFO EBITDA PLN 14.8bn, revenue PLN 80.1bn, net profit PLN 5.6bn; PLN 7.8bn invested; Afrodite appraisal lifts ORLEN’s gas share above 4bn m³; negative net debt-to-EBITDA.

CEO Erik Sagiyev outlines how an integrated Kazakhstan–Romania supply chain, high Petromidia utilization, petrochemical output and retail expansion underpinned 2026 resilience and profitability.

Strong cash flow and higher adjusted net income; $21.9bn base dividend; downstream margins and new upstream production drove gains; 49% HUMAIN stake and mining JV expand non‑oil footprint.

Maha field begins production at 250 MMSCFD via two subsea wells tied to Jangkrik FPU; gas routed to domestic market and Bontang LNG, lifting combined plateau to 750 MMSCFD.

Appraisal raises recoverable volumes to 77–180 million boe; total reservoir ~3× larger but low permeability limits recovery; subsea tie-back to Kvitebjørn and export via Kollsnes under consideration.

Appraisal drilling more than doubled recoverable volumes; operator now estimates 77–180 million boe (mean 128 million) and the licence's net gas share exceeds 4 billion m³.

Proforma gearing at a historic low of 9% and adjusted CFFO lifted to €16.5bn; underlying E&P output +7% to 1.83 mln boe/d. Strategic deals include Junin 5 relaunch and asset monetisations.

Two binding agreements transfer 10% interests across multiple Indonesian PSCs, covering producing gas fields, major discoveries and hub projects; completions subject to regulatory approvals.