Wintershall Continues to Invest in German Oil, Gas Production
Wintershall is continuing to invest in the production of crude oil and natural gas from assets in Germany, the company has announced.
"We're sending a clear signal with our activities in Germany. Oil and gas from local sources have excellent prospects," Andreas Scheck, head of Wintershall Deutschland, said in a Wintershall statement.
The company said its largest German onshore oilfield in Emlichheim is currently laying the foundation for a ‘substantial’ development of further crude oil reserves over the coming decades and revealed that its Barnstorf site is also being ‘equipped for the future’ with a new $7.3 million (EUR 6 million) laboratory building, which is set to be opened this summer.
"Our domestic production not only helps to secure supplies in Germany but also creates important jobs and income for Germany's federal states and municipalities," Scheck said in a company statement.
Wintershall employs around 2,000 staff worldwide from 50 nations and is now Germany’s largest, internationally active crude oil and natural gas producer.
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