Wintershall will sell part of its blocks in Ceará and Rio Grande do Norte, which were acquired in the 15th round of the ANP in 2018
For the first time, the German oil company Wintershall is going to sell a stake in Brazil. The Ceará and Potiguar basins were chosen by the company for the sale of part of its operations. Wintershall is among the 14 oil companies registered in the onerous assignment auction.
The blocks are the four in deep waters that the oil company operates in the Ceará and Potiguar basins, named CE-M-601, POT-M-857, POT-M-863 and POT-T-865.
The information was given last Wednesday (02/10) by the director of New Business and Government Affairs of the company in Brazil, Júlio Moreira, during an event at the Brazil-Germany Chamber of Commerce and Industry.
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Wintershall currently holds 100% of the assets in the Ceará and Potiguar basin and acquired them in its debut in Brazil. Drilling in the areas should start in 2022 and 2023 and the company is currently analyzing seismic studies in the region.
About a company
With regard to its portfolio in Brazil, in addition to the latest acquisitions in the Ceará and Potiguar basins, Wintershall also holds a 20% stake in blocks in the Campos Basin (CM-821 and CM-823), in partnership with Repsol (operator ) and Chevron, and the same percentage in Santos (SM-764), operated by Chevron, in partnership with Repsol.
Worldwide, the Wintershall group currently operates in 13 countries and is the main independent company in Europe, and is expanding its operations in Latin America, despite having operated in Argentina for 40 years.
In Mexico, the German oil company bought the oil company Sierra Oil & Gas, which ensured local onshore production and an important discovery in shallow waters.
The company's ownership structure involves Basf (70%) and the Letter One group, and the company's forecast is to close 2019 with a production of 630 boe/d, most of which is gas.
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