Modern and efficient oil production and refining processes
In our principal business activities, we focus on three areas:
To improve our trading efficiency, we are constantly optimising our refining and logistics processes.
Our operations are divided into two segments:
EXPLOTRATION AND PRODUCTION
acquisition and production of crude oil and natural gas, and the related auxiliary, transport and servicing activities,
REFINING AND MARKETING
petroleum processing and manufacture of refined petroleum products, wholesale and retail sale of petroleum products, and the related auxiliary, transport and servicing activities.
Exploration and production
We are the only company engaged in hydrocarbon production in Poland’s Exclusive Economic Zone of the Baltic Sea. As regards our foreign operations, we produce hydrocarbons on the Norwegian Continental Shelf and in Lithuania.
4.5 kboepd
LOTOS Group’s average daily output in Poland in 2018
22% of the segment’s total volume
15.2 kboepd
LOTOS Group’s average daily output in Norway in 2018
74% of the segment’s total volume
0.79 kboepd
LOTOS Group’s average daily output in Lithuania
4% of the segment’s total volume
10.8 million tonnes
Gdańsk refinery’s refining throughput in 2018
the highest throughput in the refinery’s history
20.4 kboepd
LOTOS Group’s average daily output in 2018
89.8 mboe
LOTOS Group’s total oil and gas reserves as at the end of 2018
inclduing 78% crude oil and 22% natural gas
Exploration & Production segment
Crude processing
Our refinery is among the most advanced and youngest in Europe, and boasts a throughput capacity of approximately 10.5 million tonnes of oil per year. In 2018, we broke our own record by processing as much as 10.8 million tonnes of crude oil, mainly Urals (73.1%). Our oil refining products are sold in Poland and abroad, through wholesale and retail channels (the latter being our own service station chain).
The LOTOS Group’s trading activities in 2018 were carried out by Grupa LOTOS and its subsidiaries: LOTOS Paliwa, LOTOS Oil, LOTOS Asfalt, and LOTOS-Air BP.
10.8 MT – Gdańsk refinery’s refining throughput in 2018 – the highest throughput in the refinery’s history, achieved through maximum production capacity utilisation.
Our operations are highly efficient – the new technologies we use in our production processes enable us to obtain up to 95% of pure fuel from one barrel of oil. The waste generated in the refining process (5% of an oil barrel) is used to produce bitumen, which we sell to our trading partners.