Capex Data
Wintershall will continue on the growth course of the past few years. Out of the investments worth 3.5 billion euros to be made by 2010, 0.8 billion euros will flow into the Russian natural gas projects Achimgaz and Yuzhno Russkoye, another 0.8 billion euros are planned for projects in Europe and North Africa. 1.9 billion euros shall be invested in the construction of the Nord Stream Baltic sea pipeline and the extension of the natural gas infrastructure in Germany.
In addition, the Company wants to keep its expenditure on exploring for new fields and expanding existing ones at a high level.
Future Plans
Wintershall will continue to develop its successful oil and gas business with investments worth more than 3.5 billion euros by 2010. The investments will flow into the exploration and production of natural gas and crude oil in key regions, particularly in Siberia, in the construction of the Nord Stream Baltic Sea pipeline and the significant expansion of the company's own natural gas infrastructure in Germany. Based on the encouraging growth figures it has seen so far and the positive outlook for its oil and gas business, Wintershall has set challenging growth targets for the coming years. The production of crude oil and natural gas shall be further increased and natural gas trading will also be intensified - in particular the development of the strategic partnership with Gazprom. The company's cooperation with the world largest natural gas producer is unique: it encompasses the exploration and production of natural gas in West Siberia, its transportation through the Nord Stream Baltic Sea pipeline and the distribution via our gas pipeline grid.