IPO of Wintershall Dea will be targeted post 2021

“Strategically, BASF remains fully committed to divest its share in Wintershall Dea”

18-Jun-2021 - With the merger of Wintershall Holding GmbH and DEA Deutsche Erdoel AG in May 2019, two companies with a long tradition have formed the independent natural gas and oil company Wintershall Dea. Based on the current market conditions, the shareholders of Wintershall Dea –BASF and LetterOne – have ...

BASF and LetterOne complete merger of Wintershall and DEA

03-May-2019 - Following the approval of all relevant authorities, BASF and LetterOne have successfully completed the merger of Wintershall and DEA. In September 2018, BASF and LetterOne had signed a transaction agreement to merge their respective oil and gas businesses in a joint venture. “With Wintershall Dea ...

BASF and Gazprom complete asset swap

BASF subsidiary Wintershall focuses on oil and gas exploration and production

02-Oct-2015 - BASF and Gazprom have completed the swap of assets with equivalent value effective at the end of September 30, 2015, financially retroactive to April 1, 2013. With the swap, BASF is further expanding its production of oil and gas and has exited the gas trading and storage business. Through the ...

Mario Mehren to head BASF subsidiary Wintershall

31-Mar-2015 - Mario Mehren, currently a member of the Board of Executive Directors of Wintershall responsible for Exploration & Production Russia, North Africa and South America, has been named President of BASF’s Oil & Gas division effective July 1, 2015, and in this function will be head of BASF’s subsidiary ...

BASF subsidiary Wintershall further expands oil and gas production in Norway

Wintershall to acquire shares in oil and gas fields from Statoil for US$1.25 billion

16-Sep-2014 - BASF Group company Wintershall 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 ...

BASF and Gazprom sign asset swap agreement

03-Jan-2014 - In Moscow, BASF and Gazprom signed the final agreement to swap assets of equivalent value. Through the swap, the BASF subsidiary Wintershall will further expand its production of oil and gas and exit the gas trading and storage business. The completion of the transaction is expected to take place ...

Asset swap between Wintershall and Statoil completed

Oil and gas production in Norway rises from around 3,000 barrels to almost 40,000 barrels of oil equivalent (boe) per day

01-Aug-2013 - Wintershall is increasing its production in Norway with financial closing of the asset swap with Statoil ASA. With the transfer of shares in the fields Brage, Vega and Gj ø a (Brage: 32.7%, Vega: 30% and Gj ø a: 15%), Wintershall raises its production in Norway from approximately 3,000 boe to ...

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

24-Oct-2012 - 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), ...

Wintershall and Gazprom agree on framework for asset swap

01-Nov-2011 - On October 28, 2011 a framework agreement which sets out the terms for the planned asset swap to further expand the successful cooperation has been signed in Ludwigshafen by Alexey Miller, Chairman of the Management Committee of OAO Gazprom, and Dr. Kurt Bock, Chairman of the Board of Executive ...

Wintershall intends to acquire a stake in the offshore section of the South Stream Pipeline

23-Mar-2011 - Alexey Miller, Chairman of the OAO Gazprom Management Committee, and Dr. Jürgen Hambrecht, Chairman of the Board of Executive Directors of BASF SE, signed a ...