Oil extraction falling nationwide2016-08-16
Over the first semester 2017, 39,700 cubic meters of oil was extracted nationwide, i.e. a drop of 16% compared to the same period in 2015. The fall in oil extraction was caused by the resources available in the explored oil fields. Jono Satkūnas, director of the Lithuanian Geological Survey under the Ministry of Environment suggests the extraction level will drop without investment in prospecting of new oil fields in new licenced areas (both ashore and in the Baltic Sea basin area.
To-date, oil extraction involves 67 bore holes placed in 15 oil fields (based on in-depth prospecting), including oil field in Girkaliai, Kretinga, Nausodis, Agluonėnai, Vėžaičiai, Ližiai, Ablinga, Vilkyčiai, Pociai, Diegliai, Sakučiai, Pietų Šiūpariai, Šiūpariai, Genčiai and Šilalė.
Permits for use of the hydrocarbon resources (including prospecting and exploration) have so far been issued to 7 companies, including AB Lotos-Geonafta, UAB Minijos nafta, UAB Manifoldas, UAB Genčių nafta, UAB LL Investicijos, UAB TanOil, and UAB Diseta.