Oil, Gas and Consumable Fuels
Company Overview of Wintershall Holding GmbH
Wintershall Holding GmbH explores, develops, and produces crude oil and natural gas. It also markets natural gas for Europe; and operates gas pipelines and storage facilities. In addition, it engages in natural gas trade and supply to municipal utilities, regional gas suppliers, industrial companies, and power stations in Germany and other Western European countries. The company was founded in 1894 and is based in Kassel, Germany. It has operations in Europe, North Africa, South America, the Russian Federation, the Caspian Sea region, the Middle East, and the Arabian Gulf. Wintershall Holding GmbH operates as a subsidiary of BASF SE.
Founded in 1894
Key Executives for Wintershall Holding GmbH
Chairman of Board of Executive Directors
Managing Director of Norwegian
Member of Board of Executive Directors
Member of Board of Executive Directors
Compensation as of Fiscal Year 2014.
Wintershall Holding GmbH Key Developments
Wintershall Expands Oil and Gas Production and Reserves in the North Sea
Sep 12 14
Wintershall announced that it is further expanding its oil and gas production and reserves in the North Sea. Wintershall will acquire shares in the two producing fields Gjøa (5%) and Vega (24.5%), the development project Aasta Hansteen (24%), the Asterix discovery (19%), the Polarled pipeline project (13.2%), as well as equity in four exploration licenses in the vicinity of Aasta Hansteen from Statoil ASA. The shares in the assets comprise reserves and resources (2P/2C) of around 170 million barrels of oil equivalent (boe). In addition, the companies agreed that Wintershall will become operator of the producing field Vega, subject to the approval of the authorities and consent of the other license partners. The transaction will be executed with payment of the purchase price of USD 1.25 billion and will be financially effective retroactively to January 1, 2014. In addition, a further payment of up to USD 50 million will be made if the Aasta Hansteen field development is executed according to the current project plan. Statoil and Wintershall signed an agreement in Stavanger. The closing of the transaction is expected by the end of 2014, subject to the approval of the appropriate authorities. Wintershall will thereby raise its daily production in Norway - from currently 40,000 boe to around 60,000 boe. Wintershall and Statoil additionally agreed that the companies will work together on the exploitation of the exploration potential in the Vøring Basin.
Gazprom Reportedly To Buy Wintershall's Argentina Assets
Jul 1 14
Open Joint Stock Company Gazprom (MICEX:GAZP) is expected to cut a deal to buy an Argentinian gas asset from Wintershall Holding GmbH, sources close to the talks told Vedomosti. The agreement could be signed when President Vladimir Putin visits Argentina from July 12, 2014 to July 13, 2014 to discuss energy projects, but so far the Kremlin has declined to comment.
Gazprom Reportedly Eye Argentinian Fields
Aug 5 13
Open Joint Stock Company Gazprom (MICEX:GAZP) may start negotiations to buy stakes in Argentinian fields with licenses held by Wintershall Holding GmbH, Kommersant business daily said, citing sources with knowledge of the situation. Sources said that Wintershall will probably swap its stakes in deposits in Argentina for a 25% interest in Gazprom’s field near the city of Urengoi in the Yamalo-Nenets Autonomous District. Wintershall will also have the option to buy another 25% stake when it gives Gazprom its affiliates WINGAS GmbH, Wintershall Erdgas Handelshaus GmbH & Co. KG (WIEH) and Wintershall Erdgas Handelshaus Zug AG (WIEE), stakes in underground storage facility operators and assets in the North Sea.
Similar Private Companies By Industry
Recent Private Companies Transactions