Wintershall Considers Return to Libya

Wintershall achieved a new record result in 2013, despite the production stop in Libya.

The BASF subsidiary increased net income by 48 percent to 1.8 billion euros (2012: 1.2), thus crossing the billion euros mark for the third time in a row.

Wintershall operates eight oil fields in Libya in the onshore concessions 96 and 97.

Strikes at export terminals forced the company to suspend the entire crude oil and gas production in July 2013.

The Al Jurf offshore oil field in Libya, in which Wintershall has an investment, was able to remain in normal operation all year.

Rainer Seele (pictured), Chairman of the Board of Executive Directors of Wintershall, tolld the company’s Annual Press Conference in Kassel:

At the moment it is unclear when the export blockade will be lifted. But we do expect to be able to resume onshore production in Libya.

(Source: Wintershall)

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