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18.03.2015

Knarr field in the Norwegian North Sea starts Production capacity of 63,000 barrels per day / Wintershall share: 20 percent

Image: courtesy of BG Group

Stavanger. With production of the Knarr field, Wintershall is strengthening its position as one of the major producers on the Norwegian Continental Shelf. Discovered in 2008, the field has been developed at a water depth of about 400 meters with two facilities on the sea bed and a floating production storage and offloading vessel (FPSO). The FPSO has a production capacity of 63,000 barrels per day.

Knarr is situated in the northern North Sea, about 45 kilometers north-east of the Snorre field. Wintershall has a 20% working interest in license PL373 S, the operator is BG Norge (45%). The other license partners are Idemitsu Petroleum Norge (25%) and DEA Norge (10%).

Partnership and cooperation

In just two years, Germany’s largest internationally active crude oil and natural gas producer has raised its daily production volume in Norway from 3,000 barrels of oil equivalent (boe) to currently more than 60,000 boe. Wintershall is one of the fastest growing companies on the shelf. “In order to further build on our strong position in Norway, we will bring our own discoveries such as Maria and Skarfjell into the production phase. At the same time, our partner-operated fields are an important factor of our growth in Norway. Therefore, I am very pleased that the Knarr field has now commenced production,” says Bernd Schrimpf, Managing Director of Wintershall Norge.

Norway is a core region of Wintershall’s international activities. The BASF subsidiary has established itself successfully in Norway as an integrated exploration and production company. It has developed a strong license portfolio as the basis for further growth. With around 50 licenses – and more than half of these as operator – Wintershall is one of the biggest license-holders on the Norwegian Continental Shelf. The company was just awarded eight promising new licenses in January by the Norwegian ministry for oil and energy.

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: Stefan Leunig