Polish Oil & Gas Co. is engaged in the production and sale of natural gas and crude oil. It operates through the following segments: Exploration and Production; Trade and Storage; Distribution; and Power Generation. The Exploration and Production segment covers the entire process of oil and gas production starting from geophysical surveys prior to the exploration phase until field operation and product preparation for marketing. The Trade and Storage segment sells imported natural gas and natural gas produced from the domestic reserves. The Distribution segment involves the transmission of high-methane and nitrogen-rich gas, as well as small amounts of propane/butane and coke-oven gas, via the distribution network. The Power Generation segment deals with the generation, distribution, and sale of heat and electricity. The company was founded on September 1, 1982 and is headquartered in Warsaw, Poland.