Wintershall awarded new licenses in Norway

"We are pleased with the results from this round. The Norwegian Continental Shelf is one of Wintershall's core regions, and we are continually building business and commitment in Norway," says Martin Bachmann, Member of the Board of Executive Directors responsible for Exploration and Production. In June 2010 the Ministry announced 94 licenses for which 37 companies applied. Wintershall received licence PL611 in the Barents Sea (in blocks 7223/3 and 6, and 7224/1, 2, 3, 4, 5). Germany's largest E&P company will be the operator with a 40% interest, Faroe Petroleum Norge holds 40% and Petoro 20%. In the Norwegian Sea, Wintershall will be the operator of PL601 in the blocks 6609/3 and 6610/1 in the Nordland III area. The company will own a share of 40%. Rocksource, North Energy and Edison International Norway Branch each hold 20%.
"The Barents Sea is an exciting territory and could become one of the core petroleum regions on the Shelf. The area will be important to Norway and to Wintershall. We are an active partner in this region. In the Norwegian Sea the development of the "Maria" discovery made by Wintershall together with this award of "Blekksprut" is a confirmation of our ambitions in Norway. Wintershall is here to explore and turn the discoveries to production. The results of this licensing round underpin our strategy in Norway," says Martin Bachmann.