General
Information
Last Update:
Mar. 10, 2011
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Part of the audited Consolidated Financial Statements and Management´s Analysis

Segment profile

Exploration and production of oil and natural gas;
Trading, transport and storage of natural gas

BASF’s oil and gas activities are bundled in the Wintershall Group. Wintershall and its subsidiaries operate in the business sectors Exploration & Production and Natural Gas Trading.

Segment strategy

  • Two business sectors, Exploration & Production and Natural Gas Trading, are bundled in the Wintershall Group
  • Success is driven by investments in exploration and production, and expansion of technological expertise
  • We make an important contribution to Europe’s supply security with our Gas for Europe strategy
  • We strengthen our competitive position with our own research and development activities

In the exploration and production of crude oil and natural gas, we concentrate on selected oil- and gas-rich regions in Europe, North Africa and the Middle East, South America as well as in Russia and the Caspian Sea region. In addition to investments in the exploration, development and production of hydrocarbons, we also secure our lasting success by broadening our technological expertise.

The growth in long-term demand for natural gas in Western Europe, coupled with the decline in regional production, means that ever-increasing amounts of natural gas will have to be imported. This creates opportunities for our business sectors, which we utilize in our strategy “Gas for Europe.” We explore for and produce natural gas in and around Europe and establish the necessary infrastructure to deliver the gas to customers. With our pipeline network and strategically positioned natural gas storage facilities, we make an important contribution to securing gas supplies in Germany and Europe.

We continuously advance our technological expertise. Our focus is on increasing the yield from producing deposits as well as the development of technologies for reservoirs with difficult production conditions. In doing so, we tap synergies with BASF Group’s existing research competencies, so we can increasingly establish ourselves as a partner with exceptional technological expertise.

We operate in ecologically sensitive areas. Therefore, before our activities start, we carefully examine potential effects on the environment, such as on water and biodiversity. Together with experts, our contractors and relevant stakeholders, we establish measures to minimize the impact on humans and the environment. In so doing, we are committed to the adherence to international conventions, local regulations and our own standards. Information relevant to the principles of the Global Compact

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Capital expenditures

 

Location

Project

Total capacity

Completion

1

BOE = Barrel oil equivalent

2

Startup year

Haidach, Austria

Startup and expansion of the natural gas storage facility

>2 billion m3

20072/2011

Haiming, Germany

Startup and expansion of the compressor station

32 MW

20072/2011

 

Construction of the onshore pipeline links OPAL and NEL to the Nord Stream natural gas pipeline

55 billion m3

2011/2012

Jemgum, Germany

Startup and expansion of the natural gas storage facility

>1 billion m3

20132/2016

Siberia, Russia

Achimgaz, development of the Achimov formation in the Urengoy gas and condensate field

70 million BOE1

20082/2015

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