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30.11.2015

Edvard Grieg field in the Norwegian North Sea begins productionWintershall strengthens production profile in Norway / Second partner-operated field brought into production in 2015

Stavanger. With the start of production of the Edvard Grieg field in the North Sea, Wintershall has strengthened its position as one of the major oil and gas producers on the Norwegian Continental Shelf. The Lundin-operated oil field, discovered in 2007, has been developed with a stand-alone platform on a steel jacket construction. Wintershall has a 15 percent share.

“With  the start of production of the Edvard Grieg field, Wintershall has shown once again that we are a major player on the Norwegian Continental Shelf. While adding to our total production in Norway, we have helped, alongside the operator and our other partners, to bring an important regional project to production on time and to budget. This is an important landmark for us as we focus on bringing our own discoveries such as Maria and Skarfjell to production in the coming years,” said Bernd Schrimpf, Managing Director, Wintershall Norge. Since 2012, Wintershall’s production in Norway has risen from around 3,000 barrel of oil equivalent (boe) per day to more than 60,000 boe.

Edvard Grieg, located around 180 kilometers west of Stavanger in the Utsira High Area of the North Sea with estimated reserves of 187 million boe, has been designed as a regional hub to receive and process hydrocarbons from developments and discoveries in the area. The oil will be transported via the Grane pipeline to the Sture terminal on the west coast of Norway, while gas will be transported via a separate pipeline system to St. Fergus in Scotland.

The platform is the second development with Wintershall participation to be brought into production in Norway in 2015. In March, the Knarr Floating Production, Storage and Offloading unit operated by BG Group began producing in the North Sea.

“Wintershall has been a partner in the Edvard Grieg license since the beginning meaning we have been involved in bringing an asset all the way through the upstream development cycle. Knarr was the first time we had done this. Now we have repeated the achievement in a single year. I’m proud of our participation in this project, and want to pay credit to Lundin and the other partners,” said Eivind Torheim, Head of Development, Wintershall Norge.

Wintershall has a 15 percent share of the Edvard Grieg license. Lundin is the operator with 50 percent. The other partners are OMV (20 percent) and Statoil (15 percent).

Wintershall Holding GmbH, based in Kassel, Germany, is a wholly-owned subsidiary of BASF in Ludwigshafen. The company has been active in the extraction of natural resources for 120 years, and 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, Russia, North Africa, South America, and increasingly the Middle East region. The company wants to expand its business further with exploration and production, selected partnerships, innovation and technological competence. Wintershall employs some 2,500 staff worldwide from 40 nations and is now Germany’s largest, internationally active crude oil and natural gas producer.

Wintershall. Shaping the future.

Contact: Verena Sattel