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09.11.2010 12:01
© Wintershall
Germany’s largest crude oil and natural gas producer Wintershall is continuing to invest in domestic oil production. The company is now drilling the first of 16 new wells at its Emlichheim operations on the German-Dutch border. In the next five years the company plans to sink twelve horizontal and four vertical wells in total. The new wells will also be supplemented with 13 extended reach wells at existing production sites. More than 60 million Euro have been earmarked for these investments. The wholly owned BASF subsidiary currently produces around 140,000 tons of crude oil a year in Emlichheim. “With the new wells we will be able to maintain this level of production to at least 2016,” Joachim Pünnel, Head of Wintershall’s activities in Germany explained. “But this doesn’t rule out other projects in Emlichheim either.” On the basis of current calculations Emlichheim will continue to contribute to Germany’s crude oil supply for at least another 20 years.
The proportion of crude oil produced in Germany compared to overall consumption is relatively low – domestic production of about 3 million tons covers just three percent of demand in Germany - but any production “on one’s own doorstep” enhances supply security, an official message from Wintershall says. A large proportion of overall production in Germany is produced by Wintershall – from 15 oil fields in total. The company is also active in the production of natural gas in Germany, currently from 35 gas fields. The annual consumption of natural gas in Germany is about 100 billion cubic meters, with domestic production accounting for about 15 percent of this figure.
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