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Wintershall Dea optimising German oil portfolio
Wintershall Dea has entered into an agreement with RDG to sell its operated participating interests in a number of oil concessions mainly located in southern Germany, in a drive to focus domestic production on core assets.
The concessions include Aitingen (in which Wintershall Dea holds a 33.33% stake), Schwabmuenchen (100%), Lauben/Bedernau (50%) and Hebertshausen (100%), all located in Bavaria, as well as the Landau concession (66.67%) in Rhineland-Palatinate, the Tannheim/Engelsberg concession (50%) in Baden-Württemberg, and the Suderbruch concession (100%) in Lower Saxony.
The licences contribute about 1,000 boe/d to Wintershall Dea’s production, approximately 2% of the company’s daily production in Germany.
News Item details
Journal title: Petroleum Review
Countries: Germany -
Subjects: Economics, business and commerce, Oil, Exploration and production, Business management
