Wintershall Bets On North Sea Synergies To “Increase” Europe Energy Security

BASF’s subsidiary Wintershall said it intends to speed up works at its oil and gas discoveries in the southern North Sea, explaining it will continue its 2015 drilling campaign in the Netherlands (8 wells), the UK and Denmark (four operated wells).  

“We believe in the ongoing potential of the southern North Sea and are hereby making our contribution to securing Europe’s energy supply by efficiently developing the assets we have close to home,” Robert Frimpong, Managing Director of Wintershall Noordzee, said in a note released on Wednesday. 

Reminding that Germany’s Wintershall operates 24 offshore platforms in Dutch, German and UK waters of the North Sea, it also said it recently submitted an application for a production license to Dutch authorities.  

“Wintershall has a key advantage here: by being present in the whole region and across national borders, we realize synergies that are of critical benefit to our complex developments. We will continue to harness this advantage and invest in the future” Frimpong added.