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Wintershall DEA upgrades output forecast

Newly merged oil company Wintershall DEA expects to earn more off its production. Lower oil and gas prices have impacted third quarter operations. The company has moreover appointed an advisor for an upcoming IPO.

Photo: Wintershall - PR

German oil firm Wintershall DEA upgrades its forecast for annual oil and gas output in 2019, as presented in the newly merged company's third quarter interim report.

The report states the company saw a pre-tax profit of EUR 209 million from a revenue of EUR 1.3 billion.

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