Wintershall Dea 2023 Annual Report
All 2023 highlights, facts, figures in one place. Read about Wintershall Dea's overall performance in our Annual Report.
Wintershall Dea is a leading independent European gas and oil company with more than 120 years of experience as an operator and project partner along the entire E&P value chain. The company with German roots and headquarters in Kassel and Hamburg explores for and produces gas and oil in 11 countries in Europe, Latin America and the MENA region (Middle East & North Africa) in an efficient and responsible manner. And we develop carbon management and low carbon hydrogen projects to contribute to climate goals and secure energy supplies. Our Annual Report combines our key financial, operational and sustainability-related information in a comprehensive report to allow for a full evaluation of our performance in 2023.
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2023 Annual Report
The shareholders of Wintershall Dea (BASF and LetterOne) and Harbour Energy plc (Harbour) signed a business combination agreement in December 2023 to transfer Wintershall Dea’s E&P business consisting of its producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) as well as Wintershall Dea’s carbon capture and storage (CCS) licenses to Harbour. Until closing, Wintershall Dea and Harbour will continue to operate as independent companies. The transaction is, among other things, subject to approvals of merger control and foreign investment authorities in several countries. Subject to these regulatory approvals, closing is targeted for the fourth quarter of 2024.
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