(Wintershall, 21.Mar.2019) — Wintershall continued its growth course in Latin America in 2018, the company’s CEO Mario Mehren said during an nnual press conference in Kassel. During the meeting, the executive highlighted two countries in the region where the company is active: Brazil and Argentina.
Brazil
A total of seven exploration licenses have been acquired in Brazil. Wintershall is the operator for four of these licenses. The licenses are located off the north and southeast coasts of Brazil.
Since December 2018, initial 3D seismic measurements have been conducted in three blocks in the Potiguar basin off the northeast coast of the country where Wintershall is the operator. Once the survey is completed the data will then be processed and evaluated. The first results are expected by mid-2020.
“The coast of Brazil is considered one of the most highly promising oil regions in the world. It is part of our growth course that we are also active in new regions, and Brazil offers great potential,” said Mehren. “We want to build a broad and diversified portfolio in Brazil.”
Argentina
Wintershall has been active in Latin America for several decades. The company has a long tradition in Argentina where it proudly celebrated a major anniversary in 2018: Wintershall has been exploring and producing hydrocarbons here with great success for 40 years and is the country’s fourth largest gas producer. Today, Wintershall is involved in a total of 15 onshore and offshore fields. The company is the operator in three of these fields.
Wintershall intends to further expand its technology base in Argentina and is involved in unconventional oil and gas production in the promising Vaca Muerta shale formation.
In 2018, two horizontal wells were drilled in Wintershall’s operated Aguada Federal block to further explore the shale rock in the formation.
“We’ve been contributing to the oil and gas industry in Argentina for decades. We have the technology and expertise to drill wells under demanding geological conditions, and with the highest environmental and safety standards,” Mehren explained.
Wintershall took over a further operatorship in 2018 with the CN-V block in Mendoza Province. Two exploratory wells have been drilled here, one of which has discovered hydrocarbons. The results of the drilling are now being evaluated.
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