Wintershall Dea GmbH
About
With the merger of Wintershall Holding GmbH and DEA Deutsche Erdoel AG, two successful companies with a long tradition have formed Europe’s leading independent natural gas and oil company: Wintershall Dea. The company with German roots and headquarters in Kassel and Hamburg explores for and produces gas and oil in 13 countries worldwide in an efficient and responsible manner. With activities in Europe, Russia, Latin America and the MENA region (Middle East & North Africa), Wintershall Dea has a global upstream portfolio and, with its participation in natural gas transport, is also active in the midstream business.
Wintershall Dea stands for more than 120 years of experience as an operator and project partner along the entire E&P value chain. The company employs around 4,000 people worldwide from over 60 nations. The company plans to increase its average daily production from around 590,000 barrels of oil equivalent to a range of 750,000 to 800,000 barrels in the period between 2021 and 2023. In the medium term, an initial public offering of Wintershall Dea is envisaged.
Editor's note: Updated July 25, 2019.
Transactions
German Firm Sells Half of Vaca Muerta Shale Holdings for $140 Million
German Firm Sells Half of Vaca Muerta Shale Holdings for $140 Million
ConocoPhillips Forms Vaca Muerta Partnership With Wintershall Dea
ConocoPhillips Forms Vaca Muerta Partnership With Wintershall Dea
BASF Plans To Merge Its Oil Unit Wintershall With DEA
BASF Plans To Merge Its Oil Unit Wintershall With DEA
BASF Plans To Merge Its Oil Unit Wintershall With DEA
BASF Plans To Merge Its Oil Unit Wintershall With DEA
BASF Plans To Merge Its Oil Unit Wintershall With DEA
BASF Plans To Merge Its Oil Unit Wintershall With DEA
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News
E&P Highlights: March 4, 2024
Here’s a roundup of the latest E&P headlines, including a reserves update and new contract awards.
TotalEnergies Fénix Platform Installed Offshore Argentina
First gas from the TotalEnergies-operated project is expected in fourth-quarter 2024.
Ministry Offers 62 Licenses Offshore Norway in APA 2023
Sixteen of the new awards from the Norwegian Offshore Directorate add acreage to existing production licenses.
Activity Offshore Norway Expected to Remain Steady in 2024
The Norwegian Offshore Directorate provided updates on 2023 activity, including 14 wildcat discoveries and eight projects going online and urging exploration in frontier areas.
Harbour to buy Wintershall Dea’s Global Upstream Assets for $11.2B
Harbour Energy reached an agreement with Wintershall Dea shareholders BASF and LetterOne to buy its upstream assets in Europe, South America, North America and Africa.
Bergknapp Appraisal Well Pegs Recoverables at 50-100 MMboe
Wintershall is evaluating oil and gas resources in Norwegian Sea as potential subsea developments.
Greater Gjøa Area Finds Could Be Fast-Tracked
Neptune Energy is considering development of the Ofelia Agat and Kyrre discoveries in the Norwegian sector of the North Sea.
Equinor Brings Statfjord Øst Expansion Online
The subsea tieback project to the Statfjord C platform in the North Sea expected to increase production in the mature field by 26 MMboe.
Equinor Opens World's Largest Floating Wind Farm in Norway
The opening of the Hywind Tampen wind farm is part of Norway's plan to pivot toward offshore wind.
Dvalin Field Back Onstream after Mercury Issues Resolved
Wintershall Dea’s Dvalin gas field in the Norwegian Sea had been offline since 2020.
TotalEnergies to Acquire Luna Project Interest from CapeOmega
TotalEnergies has entered into an agreement with CapeOmega Carbon Storage AS to acquire the 40% participating interest held by CapeOmega in a CO2 storage exploration license.
Norwegian Government Greenlights Snøhvit Future Project
The approval for the future operation of the Snøhvit gas field and Hammerfest LNG approves onshore compression from 2028 and electrification of the plant from 2030.
Norwegian Government Green-lights $18.5B in Offshore Projects
Investments totaling $18.5 billion will be made for developments operated by Aker BP, Equinor, OMV and Wintershall Dea in the North and Norwegian seas.
Equinor Shuts Hammerfest LNG Plant Due to Gas Leak
Equinor's Hammerfest LNG was being evacuated and there were no reports of injuries, a company spokesperson said.
Wintershall Dea Makes 'Significant' Shallow Water Discovery Offshore Mexico
The discovery is Wintershall Dea’s first own-operated exploration well in Mexico.