Wintershall in Brazil
Brazil is the largest country in South America and one of the most attractive growth regions for the oil and gas industry worldwide. The country's coastal region is considered to be particularly promising. Five of the ten largest offshore basins in the world are located off the coast of Brazil at a depth of more than 400 meters. Wintershall will be building up a reserves base in Brazil in the coming years.
Thanks to increasing exploration in recent years, the proven reserves in Brazil's oil fields have risen sharply. Experts expect large quantities of oil lie off the coast. The country offers ideal geological conditions for becoming another Wintershall site in the core region of South America.
Wintershall was awarded seven exploration licenses from Brazil's National Agency of Petroleum, Natural Gas and Biofuels (Agência Nacional do Petróleo, Gas Natural e Biocombustíveis, ANP) in spring 2018. The licenses are located off the north and south-east coasts of Brazil. Wintershall is the operator for four licenses. Initial exploration activities in the allocated blocks are scheduled for late 2018 and will be carried out in 2019 the earliest.
Broad portfolio in Brazil These are the new Wintershall licences
At the end of March 2018, Wintershall obtained seven exploration licenses in a public bidding round held by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels.
Wintershall is operator (100%) in four licenses. In three licenses, Germany's largest internationally active oil and gas producer collaborating with the energy companies Repsol (Spain) and Chevron (USA).
Wintershall's exploration licences
Planned exploration start in 2019 Brazil forms part of global growth course
The Brazilian market offers enormous growth potential for Wintershall. In the coming years the company intends to invest in the site and drive forward the exploration.
The medium-term objective is the creation of an OPCO based in Rio de Janeiro. In addition, Wintershall would like to take over the operatorship in further licenses. Its engagement in Brazil forms part of Wintershall's global strategy: Until 2022 Wintershall expects to invest a total of 3.5 billion euros worldwide in the expansion of its production.