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Transaction between Wintershall and Hungarian-based MOL completed

Selected non-operated assets on the UK Continental Shelf divested for US$375 million / Wintershall focuses on own-operated exploration and production activities in the North Sea
Wintershall, a 100% BASF subsidiary, is optimizing its portfolio with today’s financial closing of the transaction with the Hungarian MOL Group. Through Wintershall’s divestment of shares in selected assets on the UK Continental Shelf, MOL Group acquires 14 licenses in the North Sea, including non-operated equity stakes in the Broom field (29%) as well as the Catcher (20%), Cladhan (33.5%) and Scolty/Crathes (50%) developments.

Wintershall with record results

Wintershall, Germany's largest producer of oil and gas, achieved a net income of 1.8 billion euros (NOK 14.9 billion) in 2013.
This represents an increase of 48 percent over 2012. With an extensive license portfolio, Wintershall is currently one of the most active companies on the Norwegian Shelf. The company, which is a wholly owned subsidiary of the chemicals giant BASF, is aiming for further growth. Over the next five years, Wintershall is investing four billions euros (NOK 33 billion) in expanding oil and gas activities, with a special focus on Norway and Russia.

Wintershall Norge license map

Wintershall Norge has around 50 licenses on the Norwegian Continental Shelf, making us one of the largest license holders in the region.

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  • Partner Licenses
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Corporate Social Media

  • #Brent oil held above $109 a barrel on Thursday, trading not far from a six-week high. t.co/eV1YqGdXMM

    17/04/2014

    The global oil price rose to $110 ( #Brent) on Wednesday, shaking off slower economic growth figures in China. t.co/xLU71QEJq8

    16/04/2014

    #Brent crude futures fell below $109 a barrel on Tuesday after hitting a six-week high in the previous session. t.co/SfkcAhRjDN

    15/04/2014

    #Brent crude fell 3 cents to $107.30 by 1030 GMT, after gaining 0.6 percent last week. t.co/OFSKPtL1Qs

    14/04/2014

    #Brent dipped towards $107 following a weaker outlook for global demand growth from the International Energy Agency. t.co/YqeCEHDdLG

    11/04/2014

    "Wintershall at a Glance" - now available for a free download, available in six languages. t.co/kZEwxSh59A

    09/04/2014

    #Brent futures steadied above $107 - steep rise in crude oil stockpiles in the United States weighed on prices. t.co/MqhDdWUj3V

    09/04/2014

    #Brent climbed above $106. The rise also came amid a broad retreat in global markets and a weakening of the dollar. t.co/nHEYHcVwc1

    08/04/2014

    #Brent crude dropped 85 cents to $105.87 a barrel by 0532 GMT, snapping a two-day winning streak. t.co/Ydo8zdDSJD

    07/04/2014

    #Brent crude eased further under $105 on Thursday - to its lowest since November. t.co/mCwODDKWlv

    03/04/2014
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    Did you know? Large industrial use of natural gas began in Fredonia in the United States in 1825. This is where W.H. Hart drilled a well to recover natural gas to light a mill and a residential building. Hart also used natural gas to operate a lighthouse on Lake Erie. In 1858, he founded the world’s first natural gas company, the Fredonia Gas Light Company. From 1883 onwards, natural gas was also used in Pittsburgh and Pennsylvania in the glass and steel industries. The only difficulties were in establishing a pipeline system. More information about natural gas in our web special. bit.ly/QWpHlb #naturalgas

    16/04/2014
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    Good morning! With this picture of our offshore platform Brage in Norway we start with you into the coming week. In all kind of weather and tough conditions, it must be surely a challenge for our colleagues to work out there. Our Online Team wishes you all a great start into the week, wherever you are! #brage #wintershall www.wintershall.no

    14/04/2014
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    What do geologists need to find oil and gas? A good nose. And technology aplenty. Check out how Wintershall analyses rock formations: bit.ly/10vBw5x #geologists #analyse

    11/04/2014
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    Keen to know, what Wintershall actually focuses on in the exploration and production of oil and gas and in which core regions we are active? If so, check out our brand new "Wintershall at a Glance" which is available in six languages and get a free download: bit.ly/xwL9pS

    09/04/2014
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    Do you already know what natural gas is made up of? Why is the climate-friendly fossil energy source so important for our future? What is natural gas used for besides to produce electricity and heat? Take a look at the second part of our natural resources series! Why natural gas keeps the world turning: bit.ly/QWpHlb #natural_gas

    07/04/2014
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    The early bird catches the worm, just like the quick seagull catches the fish – as can be seen here off the Dutch coast. While the seagulls are looking for food, Wintershall has successfully been exploring and producing oil and gas in the Netherlands since 1965. And on that note, have a nice week! #monday

    07/04/2014
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    A tight schedule: 80 junior geoscientists spend two weeks studying our crude oil reservoir at Emlichheim. Initiated by the "European Association of Geoscientists and Engineers" and supported by Wintershall, the "Young Professionals" collect data by means of various geophysical measuring methods and learn to interpret the results. For some of them it's their first assignment in the field.

    04/04/2014
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    Producing oil and gas isn't easy: The reservoirs are deep below ground and the way to them passes through rough layers of rock. The most important tool for exploring and developing them is therefore the drill bit. It gets its name from the three rollers which are fitted with steel teeth and grind the rock to "cuttings". You can find other things you should know about drilling on our website. bit.ly/1dAkXf4 #technology

    02/04/2014
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    Are you interested in the development of the daily oil price? Follow us on Twitter! On a daily base, the colleagues in our Online Team are looking for the latest oil price developments and are posting it on our channel - check it out! www.twitter.com/Wintershall_com #twitter

    01/04/2014
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    Concert on the high seas! That's an everyday occurrence for our colleagues on the offshore platform Brage. The small, but great music room in the middle of the North Sea is excellently equipped for all types of gig. Perhaps our colleagues will send us a serenade if we ask them? At any rate: We wish you a happy start to the week. #monday

    31/03/2014
Wintershall is an international active oil and gas company with operations in four continents. We look back on 120 years of drilling experience. For more than 80 years, we have been actively involved in the exploration and production of crude oil and natural gas. The Company employs about 2,500 people from 40 countries. We are s subsidiary of BASF, the largest chemical company in the world.