Wintershall Seeking Partners for Brazilian Acreage

Wintershall BM-ES-7 Limitada, a subsidiary of Wintershall AG, is seeking a partner (or partners) to pursue an exciting undrilled carbonate gas play in Block BM-ES-7, located in the Espirito Santo Basin, offshore Brazil. This opportunity is located in shallow water (<80m) - adjacent to the Peroa and Cangoa discoveries. Total P50 reserves are in the order of 10 TCF, with large upside potential.

Up to 50% working interest is available for appropriate well carry, participation and/or a reimbursement of historical costs. Alternative offers, such as an asset swap, may also be considered.