The cooperation concerns crew transfer vessels (CTVs).
According to the agreement, a designated company from the Capital Group of Industrial Development Agency JSC will acquire bids from shipyards for the construction of three such vessels, obtain financing and then deliver the already finished vessels and hand them over to LOTOS Petrobaltic in the so-called bareboat charter (i.e. without crew).

The vessels are to be built by Polish shipyards and designed by a Polish design office on the basis of a technical design provided by LOTOS Petrobaltic. Technical requirements include: allowing 24 technicians to be transported, a dual-fuel engine with an alternative power option for zero-emission sailing, the ability to transport cargo and their own crane. The vessels are expected to be commissioned between 2025 and 2026 and chartered for maintenance work on offshore wind farms.

LOTOS Petrobaltic's cooperation with Industrial Development Agency S.A. started already in 2021. The common goal is the construction and chartering of service vessels owned by a shipowner based in Poland, which offers the prospect of creating and systematically strengthening a local supply chain of products and services (local content) for OWE created by domestic industrial companies. Companies from the Capital Group of the Industrial Development Agency S.A. have the potential, including financial potential, which can be effectively used in the implementation of offshore wind energy projects in the Baltic Sea.

The signed agreement is the next stage of the implementation of LOTOS Petrobaltic's strategy, which assumes gaining the position of an offshore wind shipowner specialising in offshore logistics and servicing the underwater infrastructure of offshore wind farms. As part of the company's development, it is particularly important to fulfil the obligations contained in the sectoral agreement, to which it is a signatory, regarding the participation of domestic companies in the supply chain of services for offshore wind farms.

***

LOTOS Petrobaltic of the ORLEN Group is the only Polish mining company involved in the exploration and exploitation of oil and gas deposits on the Polish Baltic Sea shelf, comprehensive offshore logistics services, as well as marine research and fleet management. It is the ship owner and operator of drilling platforms and production centres, as well as a fleet of specialist vessels. For 30 years, LOTOS Petrobaltic has been successfully operating in this extremely difficult field of offshore mining, extracting oil and gas from beneath the seabed and contributing to Poland's energy security.
The company is also developing new lines of business related to offshore wind energy, CCS and hydrogen projects.