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Major divestments for Wintershall in Norway

The German oil company has divested a number of oil activities on the Norwegian Shelf - including the disputed Yme project. The buyer is Norwegian Tellus Petroleum, which was recently taken over by a Dutch company.

Photo: Marit Hommedal - Statoil
BY THOMAS BO CHRISTENSEN, ENERGIWATCH
Published:

The oil company Wintershall, which is owned by German industry giant BASF, sold a large portfolio of oil activities in Norway for a total price of USD 602 million, according to a press release.

The company informs in the press release that the buyer is Norwegian Tellus Petroleum, which was recently taken over by the Dutch Sequa Petroleum.

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