Offshore

Statoil divests billion-dollar assets to Wintershall

German Wintershall is now acting on its ambitions to expand in the North Sea by purchasing drilling fields for a total USD 1.25 billion.
Photo: Harald Pettersen/Statoil
Photo: Harald Pettersen/Statoil
BY MAX PLECHINGER

60,000 barrels of oil per day. That is how much German Wintershall - a subsidiary of chemical group BASF - expects to secure from the Norwegian part of the North Sea next year, says the oil company in a press release announcing the purchase of shares for a total USD 1.25 billion in oil and gas fields from Norwegian Statoil.

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