Horizon Petroleum Begins Construction at Lachowice 7 Well in Poland
Event summary
- Horizon Petroleum started civil works at the Lachowice 7 gas wellsite in Poland on June 10, 2026.
- The company expects the workover rig to arrive in July 2026 for re-entry and recompletion operations.
- Successful reactivation of the well could generate first cash flow by late first half of 2027.
- Production data will refine wellbore completion design and optimize field development plans.
The big picture
Horizon Petroleum's commencement of civil works at the Lachowice 7 wellsite marks a critical step toward first production in its Bielsko-Biala concession. The project aligns with broader European efforts to enhance energy independence and security. Success here could validate the company's strategy of developing conventional natural gas resources in the region, potentially attracting further investment and partnerships.
What we're watching
- Execution Risk
- Whether Horizon can secure the drilling rig and equipment on schedule for the July workover.
- Reserve Conversion
- The pace at which probable reserves convert to proven developed reserves following continuous gas production.
- Production Timing
- How the long-term production test of Devonian limestone and dolomite reservoirs affects future development plans.
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