Wintershall Dea

Wintershall Dea
Company typeGerman limited liability company (GmbH)
IndustryGas and oil (exploration and production)
Predecessors
Founded1894 (Wintershall), 1899 (DEA, as Deutsche Tiefbohr-Actiengesellschaft, DTA)
FoundersCarl Julius Winter, Heinrich Grimberg (Wintershall), Rudolf Nöllenburg (first Managing Director of DTA)
HeadquartersKassel and Hamburg,
Germany
Areas served
Northern Europe, Russia, Latin America, Middle East and North Africa
Key people
Mario Mehren (CEO)
Hugo Dijkgraaf (CTO)
Paul Smith (CFO)
Thilo Wieland (Region Russia, Latin America and Transportation and Interim Responsible MENA)
Production output
  • Natural gas: 445.000 BOE
  • Crude oil: 172.000 BOE (excluding Libya onshore due to the change to EPSA contracts)
Revenue€5.9 billion[1] (2019)
€2.8 billion (2019)
Number of employees
2,847[2] (2019)
Websitewintershalldea.com

Wintershall Dea GmbH is a German gas and oil producer. The joint venture was created in May 2019 by the merger between Wintershall Holding GmbH and DEA Deutsche Erdoel AG. BASF SE has a 67% stake in it, with the other 33% being held by LetterOne, whose main ultimate owner is the Russian business magnate Mikhail Fridman. As of 2020 it was planning listing on the Frankfurt Stock Exchange.[3]

In 2021, Wintershall Dea was ranked no. 25 out of 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle in the Arctic Environmental Responsibility Index (AERI).[4]

  1. ^ Cite error: The named reference :7 was invoked but never defined (see the help page).
  2. ^ "Annual Report 2019" (PDF). Wintershall DEA. Retrieved 2020-05-31.
  3. ^ Denina, Clara (2020-03-09). "Wintershall to delay Frankfurt IPO on coronavirus, price war - sources". Reuters. Retrieved 2020-08-29.
  4. ^ Overland, I., Bourmistrov, A., Dale, B., Irlbacher‐Fox, S., Juraev, J., Podgaiskii, E., Stammler, F., Tsani, S., Vakulchuk, R. and Wilson, E.C. 2021. The Arctic Environmental Responsibility Index: A method to rank heterogenous extractive industry companies for governance purposes. Business Strategy and the Environment. 30, 1623–1643. https://onlinelibrary.wiley.com/doi/10.1002/bse.2698