Central European Petroleum (CEP) has announced a major conventional oil and gas discovery off Poland’s Baltic Sea coast, in what could become the country’s largest hydrocarbon deposit and one of Europe’s most significant finds in the past decade. The discovery was made at the Wolin East 1 (WE1) well, located roughly 6 kilometers from the port city of Swinoujscie in northwestern Poland. Preliminary assessments suggest the well contains an estimated 22 million tonnes of recoverable crude oil and condensate, along with 5 billion…
