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Wintershall Holding GmbH Friedrich-Ebert-Str. 160 34119 Kassel, Germany http://wintershalldea.com/de
Contact Ms Jennifer Moore-Braun +49 621 6099123
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Wintershall Holding GmbH

BASF subsidiary Wintershall and Statoil agree on asset swap

Companies swap stakes in the North Sea oil and gas fields Brage, Vega, Gjøa and Edvard Grieg / Wintershall substantially expands production in Norway

(PresseBox) (Kassel, )
BASF Group company Wintershall is substantially expanding its production and reserves of oil and gas in the North Sea. Through an asset swap, Wintershall will receive from the Norwegian Statoil ASA shares in the three producing fields Brage (32.7 percent), Gjøa (15 percent) and Vega (30 percent), containing reserves (2P) of around 100 million barrels of oil equivalent (boe). In addition, it is the joint intention of the companies that Wintershall takes over the operatorship of Brage, its first large production platform offshore Norway, subject to the agreement of the authorities and partners. A respective agreement was signed by Statoil sbj Ybhkephszak bvwpc bw Pjverzlhy, Lqlalc.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.