German Oil Company Wintershall Dea Decides to End All Operations in Brazil and Close Its Current Office in Rio de Janeiro

Written by Roberta Souza

Published on 18/01/2022 at 15:37

Updated on 18/01/2022 at 16:36

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According to the Oil Company, There Are No Remaining Employment Contracts in Brazil

The German oil company Wintershall Dea, which focuses on natural gas production, has chosen to cease all its operations in Brazil and close its current office in Rio de Janeiro, the company stated in a press release last Monday, January 17. The company holds a total of nine exploratory licenses, which are distributed across the Potiguar, Ceará, Campos, and Santos basins, obtained through concessions in the bidding rounds in 2018 and 2019.

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“The decision is the result of a very thorough analysis of our global portfolio and an assessment of individual projects and how they fit into our long-term strategy”, stated Thilo Wieland, a board member of Wintershall Dea responsible for the regions of Russia, Latin America, and Transportation. In Latin America, the oil company also operates in Argentina.

Natural gas makes up approximately 70% of Wintershall Dea’s portfolio, which also produces oil, focusing on specific regions and projects that align with the company’s climate goals. Wintershall Dea also stated that it has no remaining minimum work commitments in the licenses or other relevant financial obligations in Brazil.

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About Wintershall Dea

Wintershall Dea explores and produces natural gas and crude oil worldwide – as a reliable partner, an experienced pioneer, and an ambitious team. The company’s strategy focuses on a portfolio weighted towards gas and selected regions to provide profitable growth while contributing to accessible and low-carbon energy for the economies and societies it serves.

In the search for natural gas and crude oil, which are located underground, hidden in layers of rock, Wintershall Dea uses state-of-the-art exploration methods and digital possibilities to find them.

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German Oil Company Wintershall Dea Decides to End All Operations in Brazil and Close Its Current Office in Rio de Janeiro

According to the Oil Company, There Are No Remaining Employment Contracts in Brazil

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German Oil Company Wintershall Dea Decides to End All Operations in Brazil and Close Its Current Office in Rio de Janeiro

According to the Oil Company, There Are No Remaining Employment Contracts in Brazil

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About Wintershall Dea

Petroleira Petrorecôncavo Announces Negotiations with Petrobras. The Company Plans to Intervene in Over 180 Wells in 2022

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