According to the company’s website press release on September 28, 2022, Wintershall Dea, Europe’s leading independent gas and oil company, reported its third quarter 2022 results
Q3 2022 SUMMARY:
-Strong operational performance, daily production of 614,000 boe for the quarter, 4% higher YoY;
-Robust quarterly financial performance:
-Project development:
-Successful exploration campaign with three nearfield discoveries in the Skarv and Gjøa areas in Norway with total of 50-150 mmboe of resources;
-Further strengthened commitment to Mexico through acquisition of 37% stake in the Hokchi Block from Hokchi Energy (subject to authority approvals);
-Carbon Management and Hydrogen:
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 12 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. Wintershall Dea will also bring its methane emissions intensity below 0.1 per cent by 2025 and maintain zero routine flaring of associated gas in its operations. In addition, we plan to reduce emissions resulting from the use of hydrocarbons by applying CCS and low-carbon hydrogen technologies, potentially building up a business abating 20-30 million tonnes of CO2 per annum by 2040. 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 almost 60 nations.
Highlights
Description: (1) Excluding Libya onshore production (2) Production and development capex (3) Net debt to LTM EBITDAXTags: AlwaysFree,Crude Oil,English,Europe,Gas,Germany
Published on October 28, 2022 11:08 AM (GMT+8)
