December 21, 2014 11:34 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Wintershall Holding GmbH

Company Overview

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.

Friedrich-Ebert-Straße 160

Kassel,  34119


Founded in 1894


49 561 301 0


49 561 301 1702

Key Executives for Wintershall Holding GmbH

Chairman of Board of Executive Directors
Age: 54
Managing Director of Norwegian
Age: 58
Member of Board of Executive Directors
Age: 57
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

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

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

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

Company Name Region
Deutsche Transalpine Oelleitung Gmbh Europe
Slovgold Deutschland GmbH Europe
Rhein Petroleum GmbH Europe
DBE Deutsche Bioenergie AG Europe
MVD Rhäsa Ltd. Europe

Recent Private Companies Transactions

September 12, 2014
Gjøa, Vega, Aasta Hansteen, Asterix, Polarled And Other Exploration License
July 30, 2014
Tullow Oil plc, Brage Field In Norway
March 14, 2014
VNG - Verbundnetz Gas Aktiengesellschaft

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Wintershall Holding GmbH, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at