Horizon Targets First Production From Poland Gas Project

Why It Matters

The project marks Horizon’s first onshore gas production in Europe, diversifying its portfolio and bolstering Poland’s energy security as the EU seeks alternative gas supplies.

Key Takeaways

• Horizon starts Lachowice‑7 well pad construction in June 2024.
• Re‑entry and recompletion of Lachowice‑7 scheduled for July 2024.
• First gas and electricity sales targeted for H1 2027.
• Environmental permit expected by year‑end, enabling early production.
• 75‑km² 3D seismic survey planned for Q2 2027.

Pulse Analysis

Poland’s growing appetite for domestic gas has intensified as the European Union tightens imports from traditional suppliers. Horizon Petroleum’s entry with the Lachowice field aligns with Warsaw’s strategy to boost on‑shore production, reduce reliance on pipeline imports, and support the broader EU energy‑security agenda. By targeting first gas and electricity sales in early 2027, Horizon positions itself to capture premium pricing in a market where supply constraints have driven spot‑gas prices higher than in recent years.

The Lachowice‑7 well sits in Devonian limestone and dolomite formations, a geologic setting known for naturally fractured reservoirs that can deliver high‑flow rates when properly recompleted. Horizon’s early‑stage work‑over program, coupled with pre‑positioned tubing and wellhead equipment, is designed to generate cash flow before full field development, mitigating financial risk. Securing a local utility’s power‑line relocation and fast‑tracking the environmental permit further de‑risk the timeline, while the planned gas‑processing and transport infrastructure will enable seamless market entry once production ramps up.

Looking ahead, Horizon’s 75‑km² 3D seismic acquisition slated for 2027 will refine reservoir models and guide the placement of additional wells, potentially expanding the field’s output beyond the initial well. The data will also inform decisions on a dedicated gas‑processing facility, positioning the project to meet both domestic demand and export opportunities. As ESG considerations gain prominence, Horizon’s proactive permitting and local stakeholder engagement underscore a commitment to responsible development, enhancing its credibility with investors and regulators in the evolving European energy landscape.