Energy-Ticker

Wintershall expects increased recoverable resources for Maria Field

Internal studies forecast an increase of up to 40 million barrels of oil equivalent (boe) / The estimated recoverable volumes of the Wintershall discovery have now been raised to some 180 million boe
Stavanger. With the upcoming submission of its “Impact Assessment” as part of the Plan for Development and Operation (PDO) process, Wintershall is announcing updated, higher recoverable resource estimates for its operated Maria Field: following intensive internal studies, Germany's largest internationally active oil and gas producer now estimates that the planned technical recoverable resources will reach about 180 million barrels of oil equivalent (boe).

Transaction completed between Wintershall and Statoil

BASF subsidiary acquires shares in oil and gas fields in the Norwegian North Sea for US$1.25 billion. Production in Norway rises to 60,000 barrels of oil equivalent per day
Stavanger, Norway – December 1, 2014 – BASF Group company Wintershall is continuing its growth course in Norway. By acquiring shares in the production fields Gjøa (5%) and Vega (24.5%), Wintershall is increasing its production in Norway from about 40,000 barrels of oil equivalent (boe) to about 60,000 boe per day.

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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Corporate Social Media

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    Horsehead pump with a spray painted horsehead? No problem. For the 70th anniversary of Wintershall’s production of crude oil in Emlichheim this pump got a Graffiti makeover. Where is the pump? Visit it near Wintershall’s Emlichheim site in Lower Saxony, Germany.

    19/12/2014
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    The current environment is difficult and uncertain: For this reason BASF/Wintershall and Gazprom have decided not to complete the asset swap planned for the end of the year. Instead, we will continue our cooperation in our joint ventures in Europe and Russia. In these politically difficult times we are focusing on continuity! bit.ly/1zBjJXY

    18/12/2014
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    Maria Field, Norway: Increase of 40 million barrels of oil equivalent (boe) of recoverable resources expected. On the basis of internal studies Wintershall raises the estimates of recoverable resources from 140 million boe to 180 million boe. More info here: bit.ly/1zyqWt9

    18/12/2014
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    What drives people to work at Wintershall? And what makes the oil and gas industry so fascinating? Find out and visit our new people page of Wintershall Noordzee – read our employees personal stories: bit.ly/1vZ8ROC

    17/12/2014
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    Welcome to Wintershall Noordzee: Meet Fiona Dewey, Head of Geophysics, and hear why Wintershall is a great company to work for - as well as her take on the oil and gas industry. Check out the video here: bit.ly/132VXs9

    16/12/2014
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    Germany's Christmas markets offer delights for all your senses: Wonderful aromas of candied almonds and hot punch fill the air. You can look at hand crafted wooden toys and hear Christmas music as you wander through the finger-tingling cold streets. The stalls offer delights for everyone – that’s why we start the week with this picture of the Christmas Market in Frankfurt, one of the biggest in Germany, and wish you a great start into the week! #Monday

    15/12/2014
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    Just off the coast of Tierra del Fuego and at the end of the world: Wintershall is active in Argentina since 1978. Each year we produce around 26 million barrels of oil there . Besides oil we also produce gas in the region, for example in the Carina field (see picture). The field lies 80km off the Argentinian coast of Tierra del Fuego and is the southernmost offshore natural gas production in the world. Read more about our activities in Argentina here: bit.ly/LVjOx7

    12/12/2014
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    Now online: www.wintershall.de! Wintershall in Germany rolls out its new German website. The site gives insights into Wintershall’s domestic oil and gas activities with lots of infographics, pictures and videos. Browsing it on the go with your smartphone or tablet? No problem thanks to responsive design. Click here and see for yourself (German only): www.wintershall.de

    11/12/2014
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    Our roots lie in Germany, but we are active all around the world. Together with our international colleagues we shape the future and produce oil and gas, all around the globe. Learn more about our core regions here: bit.ly/1vOkMUh

    10/12/2014
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    Apart from having raised money for men’s health Wintershall Norge is also supporting the Blue Bird café in Stavanger. The café serves hot meals and improves Christmas for less fortunate people. A Christmas auction by the Church City Mission also encourages the local community to buy gift labels and thereby give a hot meal to someone in need. Respect to our Norwegian colleagues for making this happen!

    09/12/2014

    Barely noticeable price increase at the end of the week. A barrel #Brent costs around $ 60,07 at midday. t.co/QZlWEHm68f

    19/12/2014

    #Brent crude jumped 3 percent to near $63 a barrel on Thursday, extending a rebound from five-year lows. t.co/YKwYI1U5OS

    18/12/2014

    Maria Field (NOR): Wintershall expects increased recoverable resources. Estimation raised to roughly 180 million boe. t.co/cjsep9FsOW

    18/12/2014

    What drives people to work at Wintershall? Find out and visit our new Wintershall Noordzee people page: t.co/Y7VSWqgUao

    17/12/2014

    Major oil producers seem to intend to maintain production levels. #Brent traded around $59/barrel, near a 5½ year low t.co/ytE4H7dPbj

    17/12/2014

    #Brent dropped below $59 for first time since 2009. Price almost halved compared to 2014 high of $115 in June. t.co/mhARclAaL0

    16/12/2014

    Welcome to Wintershall Noordzee: Meet Fiona Dewey and hear why Wintershall is such a great company to work for: t.co/o7kH6xa5eU

    16/12/2014

    More than 36.000 visitors within 2 months: Wintershall supported Dahl-Friedrich exhibition surpasses all expectations t.co/EvyI2KFchE

    16/12/2014

    Minor gain for oil prices - #Brent rallies above $62 on Monday after hitting 5 ½ year low. t.co/FmiKkebKjI

    15/12/2014

    Lowest since July 2009: Concern about oversupply drops the price for #Brent below $63 per barrel. t.co/UaS34g5NUQ

    12/12/2014
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.