Wintershall managed to increase its production 50% over the last 10 years.
With strongholds in Norway, Russia and Argentina the firm has also doubled its commercially recoverable oil and gas reserves from 814 million barrels of oil equivalent (boe) to 1.62 billion boe.
In 2016, the firm’s output hit a record high of 165 million boe.
Its global production costs are below $10 boe and it has plans to invest more than EUR 4.4billion in oil and gas activities in the next five years.
But what and where does Germany’s largest oil and gas player operate?
Russia:
In Western Siberia, Wintershall has a number of joint operations with Gazprom.
Wintershall has a 35% stake in the Severneftegazprom field, which has recoverable reserves of 600 billion cubic meters of natural gas. Its Yuzhno Russkoye field has been producing a platue of 25 billion cubic meters of natural gas per year since 2009. The first wells in the Turon horizon contributed to the development producing 200 billion cubic meters.
In the Achimov formation of the Urengoy filed, 78 wells were producing at the end of 2016.
Winterhall also has plans for 113 additional wells by 2019 to raise production of the Achimgaz joint venture to an annual output of 40 million tons.
Overall, 200 billion cubic meters of natural gas and 40 million tons of condensate are expected to be produced from this concession.
In addition to Western Sibera, Wintershall has been producing in the Volgograd region for nearly 20 years alongside Lukoil.
Norway:
Wintershall’s flagship Maria development is located in the Norwegian Sea.
Drilling started this week on discovery. It has an estimated 180 million boe.
Netherlands:
Wintershall is one of the largest gas producers in the Netherland, operating 20 offshore platforms.
One of its most critical finds in the area is the Rembrandt offshore discovery, which is one of the biggest oil discoveries in the southern North Sea in recent years. Wintershall is currently drawing up a development concept for the find, located 120km north of Den Helder.
UK:
In October 2011, Wintershall commissioned its first operated natural gas production facility in the UK with the Wingate platform. It produces 200 million cubic meters of natural gas per day.
Denmark:
Wintershall discovered oil with its Hibonite exploration well in the western part of the Danish North Se in 2013. Its commercially viability is currently under consideration.
Last year, it was awarded three new licences in the Danish North Sea.
MENA (Middle East and North Africa):
Abu Dhabi:
Wintershall completed its first operated exploration well to develop the Shuwaihat sour gas and condensate field in 2015. A second offshore exploration well was drilled last year.
Qatar:
In 2015, Wintershall dropped all of its activities in the region. The Al Radeef natural gas discovery failed to be commercially viable for the firm.
North Africa:
Wintershall has operating in Libya since 1958, including shares in the Al Jurf offshore field and eight onshore in concessions 96 and 97.
Argentina:
Wintershall has producing in Argentina for 35 years and is now the fourth largest gas producer in the country.
Its active in the Neuquen and Mendoza provinces and the off the coast of Tierra del Fuego. Operations include 15 oil and gas fields and 26 million boe.
Its San Roque block stretches over 1.040 sq km and lies north-east of Aguda Pichana.
Germany:
Wintershall has producing in its home country for 85 years. Its Duste Z10 project is located next to the Brnstorf operations in Lower Saxony and has a potential development of 10billion cubic meters of natural gas.
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