Power Lunch Libya in OsloWintershall informs journalists about the activities in Libya
Over the rooftops of Oslo Wintershall continued the “Power Lunch” series of events. The subject of the event, which was once again held in Norway, was this time the activities and experiences of the company in Libya. The political, societal and economical situation and especially the experiences of Wintershall there, were matters of great interest to journalists, particularly since the hostage-taking in Algeria.
Stefan Leunig, as Head of the Press Office at Wintershall, began by informing journalists about the role of the Middle East and North Africa in Europe’s energy supply and explained the opportunity of Wintershall’s contribution with Exploration and Production in the so called MENA-Region – not only from a technological point of view. Uwe Salge, General Manager of Wintershall Libya, and his two colleagues – AlyaEl-Obeidi and Hassan Nawfil – then gave an account of their experiences during and after the Libyan Revolution. In particular they highlighted Wintershall’s long commitment and deep integration in the North African country.
This had been critical in enabling the company to restart production again so quickly once the unrest was over, they said.
Wintershall has been active in the exploration and production of oil in Libya since 1958. With an overall investment sum of over 2 billion US dollars, the BASF subsidiary is one of the largest oil producers in the North African country. Production was suspended in spring 2011 owing to the security situation there, but was already able to start again in October. Since the end of 2012, the production level has been at 85,000 barrels per day.
Link to special page about Libya at wintershall.com:
Wintershall Holding GmbH, based in Kassel, Germany, is a wholly owned subsidiary of BASF in Ludwigshafen. The company has been active in the extraction of natural resources for 120 years, and in the exploration and production of crude oil and natural gas for over 80 years. Wintershall focuses on selected core regions where the company has built up a high level of regional and technological expertise. These are Europe, Russia, North Africa, South America, and increasingly the Middle East region. The company wants to expand its business further with exploration and production, selected partnerships, innovation and technological competence. The company employs more than 2,500 staff worldwide from 40 nations and is now Germany’s largest crude oil and natural gas producer.
Wintershall. Shaping the future.
You can find more information on the Internet at www.wintershall.com or follow us on Twitter, Facebook and YouTube.