Exploration & Production Business. Passion. Future.
It is hard to imagine business operations and private activities in our global industries without oil and gas.
They provide energy for heat and power as well as for things we use every day. While global demand is rising, reserves are limited. We need innovative technologies in order to produce from reservoirs more efficiently.
In many respects, the E&P industry is facing upheaval. The markets for oil and gas are turbulent and will continue to be so. As a result of the low oil prices, E&P companies have to work even more efficiently. Wintershall is in a good position to overcome these challenges.
Thanks to our international energy partnerships, we will score with efficiency, performance and innovation. We develop a large part of the new, trend-setting technologies in our home region, Germany, where production has always been a complex and challenging matter when it comes to geological conditions. Therefore domestic production is at the heart of our continuous innovation strategy.
Oil in everyday life No energy without resources
No energy without resources. This is why we are continuously seeking to develop new production sites and reservoirs of oil and gas. Throughout the world. For more than 85 years. Thus, we have accumulated so much technical expertise that even difficult geological and climatic conditions pose no problems for us – whether in very hot desert regions, in the Siberian tundra at minus 50 degrees Celsius, or on the high seas. Our current reserves will last for roughly ten years. Additional promising new resources are ahead of us.
About one third of the reservoirs in oil fields worldwide is recovered. The rest of the oil remains embedded in the rock pores. Our goal is to increase the recovery rate of a reservoir up to 50 percent. A global increase in the recovery factor by just one percent increases the lifetime of the worlds' reservers by one year.
There would be no cell phones without petroleum-based components either. 40 percent and more of the materials come from the petrochemicals industry.
A good ten million PC's and laptops are sold (in Germany) every year. There are nine liters of oil in the casing and keyboard of a computer, and two liters in the monitor - that's eleven liters altogether
There is an average of 60 liters of oil in a couch. The insulating and foam material consists of polyurethane, which is made from crude oil.
Around 40 percent of all textiles contain crude oil. Functional clothing, such as fleece pullovers, are made almost entirely of petroleum-based fibers. And what about underneath the clothing? Secondary products of crude oil processing can be found in soaps, perfumes, and lipsticks in the form of vaseline or paraffin.
More than 1 liter
CD and jewel case
There is also more than a liter of cruide oil in a CD and its case. This is an awful lot when you consider that an estimated 625 billion CDs an DVDs are thrown away every year - and 40 billion are produced.
In purely mathematical terms, each German houshold could heat with the one ton of waste it generates on average a year; the energy content of the waste is equal to the energy content of 160 liters of heating oil.
Teamwork with strong partners. The German-Russian Achimgaz and Yuzhno Russkoye joint ventures, for example, have reserves of up to 800 billion cubic meters of natural gas. In Europe we focus among other things on discovering more oil reservoirs in Norway. Wintershall currently holds roughly 50 licenses in Norway, half of them as operator. Wintershall is also an established gas producer in Argentina. Central Argentina and the area of the coast of Tierra del Fuego have outstanding potential for new finds and growth. Beyond these, Wintershall is also expanding its activities in the Middle East.
Our core regions Facts & Figures
Natural gas ensures energy supplies for the European market
Natural gas is an energy source that's clean, flexible and affordable. Wintershall has grown at the source and increased its own natural gas production in Europe.
Cost-effective pipeline distance:
|Europe||05 trillion m³|
|Russia||44 trillion m³|
|Caspian Region||14 trillion m³|
|Africa||15 trillion m³|
|Iran||30 trillion m³|
Not in pipeline distance:
|North America||09 trillion m³|
|South and Central America||08 trillion m³|
|Qatar||25 trillion m³|
|Middle East||21 trillion m³|
|Asia Pacific||16 trillion m³|
More than pipelines Our partnerships
GASCADEInfrastructure along 2,400 kilometers
The 2,400-kilometer GASCADE network of gas pipelines links suppliers and customers all over Germany. Located at the heart of Europe and directly connected to the major European transit lines from Russia and the North Sea, this infrastructure has become an important hub of the European natural gas transport system. More information: www.gascade.de/en
Nord StreamEnergy for Europe
The 1,224-kilometer Nord Stream pipeline runs through the Baltic Sea as a direct link between Russia and Germany. From its arrival point in Lubmin on the Baltic coast, the Russian gas is routed to customers in western and central Europe via two connecting pipelines: the OPAL Baltic Sea Pipeline Link and the NEL Northern European Gas Pipeline. Get more information
NELThe Northern European Gas Pipeline
The 441-kilometer Northern European Gas Pipeline NEL links the Nord Stream pipeline with the pipeline systems in northern and western Europe. It has been in operation since 2012. www.nel-gastransport.de/en/
OPALSafe and reliable
Since the fall of 2011, the Baltic Sea Pipeline Link (OPAL) has carried natural gas over 472 kilometers from the end of the Nord Stream Pipeline in Lubmin to Brandov in the Czech Republic. www.opal-pipeline.com
Nord Stream 2
The Nord Stream 2 project comprises the construction of two offshore pipelines from Russia to Germany, which will run through the Baltic Sea and have a total annual capacity of 55 billion cubic meters of gas. Hence, Nord Stream 2 will double the capacity of the transit route through the Baltic Sea.