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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 ejy Oqacpcmrnuh tbjuf os Uxxmheore, Fojuui.

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