Wintershall acquires five new exploration licenses in Norway
18 Feb '08
2 min read
"Because of its proximity to the European market Norway is predestined to supply Europe with natural gas and, as a production location, fits very well into our "Gas for Europe" strategy, says Wintershall Board Member Bernhard Schmidt, who is responsible for exploration and development. Norway is the fourth largest producer of natural gas in the world and one of the most important supply countries in the European Union.
Wintershall has been active in the North Sea since 1965 and now operates 26 platforms – 25 of these in Dutch territorial waters and one in German waters. Since summer 2006 Wintershall has acquired exploration rights to around 50 blocks and sub-blocks in the German, British, Norwegian, Danish and Dutch areas of the North Sea, which will be explored for new gas and oil deposits.
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