Wintershall continues success in Norway
Monday, Jan 14, 2013

Wintershall, the largest internationally active German crude oil and natural gas producer, announces an oil discovery in the southern part of the Norwegian North Sea about 200 kilometers off the coast of Stavanger. The own-operated Asha Noor appraisal wells 16/1-16 and its delineation 16/1-16 A in production licence PL 457 were drilled about 3 kilometers east of the 16/1-9 discovery well in the Ivar Aasen discovery and about 3 kilometers north of the Edvard Grieg field. Preliminary resource estimates range between 20 and 40 million barrels of recoverable oil. Extensive coring, sampling and data acquisition have been carried out. The results will now be evaluated to further determine resources and the commerciality of the discovery.

“Asha Noor is our third oil discovery in Norway in the last 12 months. After our discoveries with the Maria appraisal well and Skarfjell, the Asha Noor discovery provides further confirmation that the Utsira High region offers considerable potential”, Martin Bachmann, Member of the Wintershall Board of Executive Directors responsible for Exploration and Production commented. Wintershall, with a portfolio of over 40 licenses on the Norwegian Continental Shelf including more than 20 operatorships, aims to raise its daily production on the Norwegian and British continental shelf from its current level of around 4,000 barrels to 50,000 barrels of oil equivalent (BOE) by 2015.

Asha Noor is Wintershall’s first well in the production licence PL 457, which was awarded in the APA 2007. The operator is Wintershall Norge AS with a share of 40%. The partners are E.ON E&P Norge AS with 20%, Bridge Energy Norge AS with 20% and VNG Norge AS with 20%. The wells 16/1-16 and 16/1-16 A were drilled to a vertical depth of respectively 2,722 and 2,683 meters below mean sea level and were terminated in the Permian Rotliegendes and the Triassic Skagerrak Formation. The wells were permanently plugged and abandoned. The water depth is 113 meters. The Bredford Dolphin drilling platform now transfers to Lundin for the drilling of 16/ 3-5 in PL 501.

Wintershall Holding GmbH, based in Kassel, Germany, is a wholly-owned

subsidiary of BASF in Ludwigshafen. The company has been active in the

exploration and production of crude oil and natural gas for over 80 years.

Wintershall focuses on selected core regions, where the company has built up a high level of regional and technological expertise. These are Europe, North Africa, South America, as well as Russia and the Caspian Sea region. In addition, these operations are complemented by the company’s growing exploration activities in the Arabian Gulf. Today, the company employs more than 2,000 staff worldwide from 40 nations and is now Germany’s largest crude oil and natural gas producer.

Source: Wintershall Holding GmbH

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