Wintershall Dea is new partner to Soiltech, supporting international scale-up as client and investor

Wintershall Dea and Soiltech join forces with a goal to reduce waste volumes in the oil and gas industry worldwide. The partnership will focus on recycling the contents of waste streams, like waste residues from oil or drilling fluids, directly on the production sites. Wintershall Dea participates both as a client and as an investor through Wintershall Dea Technology Ventures GmbH, a subsidiary of Wintershall Dea AG.

Wintershall Dea recently installed a Soiltech slop treatment unit on their North Sea platform ‘Brage’ and is also using Soiltech’s technology in their Plugging & Abandonment campaign in the Netherlands.

Sasa Ignjatic, Wintershall Dea Senior Drilling Engineer comments: “The equipment has only the size of a standard 20ft container and thus was quickly installed offshore. It has been running smoothly ever since and reduces our cost significantly.” His colleague Rembrandt Brandjes adds: “The technology is a huge development step for us. By using Soiltech we reduce our waste volumes by 95%.”

The partnership is strengthened further by an investment of Wintershall Dea Technology Ventures which has recently acquired 14.8% of Soiltech’s shares. Andreas Berger, Managing Director of Wintershall Dea Technology Ventures is convinced: “The Soiltech technology offers proven value creation for our gas and oil operations. We see high growth potential for Soiltech and will support the company’s international growth strategy.”

Oluf Bergsvik, CEO of Soiltech, proudly welcomes Wintershall Dea: “Wintershall Dea brings a new dimension to our international operations and serves to prove our value creation.”

_{About Soiltech}

_{Soiltech is an industry leading cleantech service provider specializing in treating, recycling and to responsibly handle contaminated water and solid industrial waste streams. The company’s waste management services also include slop treatment, drill cuttings handling and treatment, swarf removal as well as tank and pit cleaning. Soiltech designs, engineers, builds, owns and operates its operative units, providing services in close co-operation with the customer on the customer’s site.}

_{Soiltech has 70 employees and is headquartered in Norway. The company operates worldwide and has satellite offices in the UK, Abu Dhabi and in Saudi Arabia. Soiltech is listed on Euronext NOTC in Norway under the ticker SOIL.}

_{About Wintershall Dea}

_{Wintershall Dea is Europe’s leading independent natural 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 13 countries worldwide in an efficient and responsible manner. With activities in Europe, Russia, Latin America and the MENA region (Middle East & North Africa), Wintershall Dea has a global upstream portfolio and, with its participation in natural gas transport, is also active in the midstream business. More in our Annual Report.}

_{As a European gas and oil company, we support the EU's 2050 carbon neutrality target. As our contribution we have set ourselves ambitious targets: We want to be net zero across our entire upstream operations – both operated and non-operated – by 2030. This includes Scope 1 (direct) and Scope 2 (indirect) greenhouse gas emissions on an equity share basis. In addition Wintershall Dea will bring methane emissions intensity below 0.1 per cent by 2025 and maintain zero routine flaring of associated gas in its operations. The climate goals are to be achieved through portfolio optimization, emissions reduction through more energy efficiency, investments in nature-based compensation solutions and in future technologies such as hydrogen and CCS. You can find more about this in our Sustainability Report.}

_{Wintershall Dea was formed from the merger of Wintershall Holding GmbH and DEA Deutsche Erdoel AG, in 2019. Today, the company employs around 2,500 people worldwide from over 60 nations.}