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September 02, 2015 12:04 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Wintershall AG

Company Overview

Wintershall AG engages in the exploration, development, and production of crude oil and natural gas. It also involves in the trading of natural gas in Europe. The company markets crude oil and natural gas storage capacity, natural gas transport capacity, and fiber optic capacity. The company was formerly known as Bohrgesellschaft Wintershall and changed its name to Wintershall AG in January, 1929. The company was founded in 1894 and is based in Kassel, Germany. It operates in Europe, North Africa, South America, and Russia. Wintershall AG operates as a subsidiary of Wintershall Holding GmbH.

Friedrich-Ebert-Strasse 160

Kassel,  34119

Germany

Founded in 1894

Phone:

49 561 301 0

Fax:

49 561 301 1702

Key Executives for Wintershall AG

Chief of Finance and Member of the Board of Executive Directors
Age: 58
Board Member and Chief Executive Officer of Wingas
Age: 49
Chief Executive Officer of Vng
Age: 61
Chief Executive Officer of Plant Science Business and President of Plant Science Business
Member of the Board of Executive Directors and Head of Exploration and Production
Age: 55
Compensation as of Fiscal Year 2015.

Wintershall AG Key Developments

Wintershall and Gazprom Sign Memorandum of Understanding to Expand Nord Stream Pipeline

Wintershall and Gazprom have signed a memorandum of understanding to expand the Nord Stream pipeline. BASF said it intends to participate in expanding the capacities of the Nord Stream pipelines 3 and 4, which deliver Russian natural gas to European customers via the Baltic Sea. The company said this expansion will consist of two additional pipelines that could transport up to 55 billion additional cubic meters of Russian natural gas directly to Germany.

Wintershall and Gazprom Neft Signs Memorandum on Cooperation

Wintershall and Gazprom Neft announced that it have signed a memorandum on cooperation in the area of enhanced oil recover technology, the German company said in a statement. The companies intend to test the potential of these technologies at oil deposits in Siberia.

Wintershall Ceases its Activities in Qatar

Wintershall announced that it is ceasing its activities in Qatar and is returning Block 4 North near the North Field off the Qatari coast on May 25, 2015. The office of Wintershall in Doha will be closed. The current focus of Wintershall is on the UAE where it is involved in the exploration of Shuwaihat sour gas and condensate field in the western region of Abu Dhabi.

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Recent Private Companies Transactions

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