Przedsiębiorstwo Poszukiwań i Eksploatacji Złóż Ropy i Gazu "Petrobaltic" S.A. (Exploration and Mining of Petroleum and Gas Deposits Joint stock company

Joint stock company

A joint-stock company is a type of corporation or partnership involving two or more individuals that own shares of stock in the company...

 "Petrobaltic") is a Polish

Poland

Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...

 oil company that has received fame of late for discovering the lost Nazi

Nazism

Nazism, the common short form name of National Socialism was the ideology and practice of the Nazi Party and of Nazi Germany...

 Aircraft Carrier

Aircraft carrier

An aircraft carrier is a warship designed with a primary mission of deploying and recovering aircraft, acting as a seagoing airbase. Aircraft carriers thus allow a naval force to project air power worldwide without having to depend on local bases for staging aircraft operations...

 Graf Zeppelin

German aircraft carrier Graf Zeppelin

German aircraft carrier Graf Zeppelin was the lead ship in a class of two carriers ordered by the Kriegsmarine. She was the only aircraft carrier launched by Germany during World War II and represented part of the Kriegsmarine's attempt to create a well-balanced oceangoing fleet, capable of...

.

History

It was setup in November 1990. On 1 January 1999, the firm was transformed in limited liability company and the only shareholder become the State Treasury. The company is the only firm in Poland performing exploration and production of crude oil and gas in the Baltic Sea

Baltic Sea

The Baltic Sea is a brackish mediterranean sea located in Northern Europe, from 53°N to 66°N latitude and from 20°E to 26°E longitude. It is bounded by the Scandinavian Peninsula, the mainland of Europe, and the Danish islands. It drains into the Kattegat by way of the Øresund, the Great Belt and...

. B3 oil field

B3 oil field

B3 is an oil and gas field in the Baltic sea. The field is located 80 km off the Polish coastal town Rozewie. The crude oil is also referred to as Rozewie crude. The API gravity of the crude is 42-43 and sulfur content of 0.12 wt%. The jack up rig Baltic Beta located on the field takes care of...

 is currently in production and has a 2006 production of 1.9 million bbl/year.

The company has its head office in Gdańsk

Gdansk

Gdańsk is a Polish city on the Baltic coast, at the centre of the country's fourth-largest metropolitan area.The city lies on the southern edge of Gdańsk Bay , in a conurbation with the city of Gdynia, spa town of Sopot, and suburban communities, which together form a metropolitan area called the...

. Exploration and exploitation of oil and gas deposits are performed with three drilling platforms: Petrobaltic, Baltic Beta and Jacket.