Wintershall

Capex

Future Plans

Production

During 2007, Wintershall succeeded in raising the production of crude oil and natural gas slightly above last year’s level, to 112 million barrels oil equivalent. Although crude oil and condensate production declined year-on-year by one percent to 8.4 million tons, partly due to the farming out of a concession in Dubai, natural gas production rose by four percent in 2007 to 7.8 billion cubic meters. 389 percent of the volumes produced in 2007 were replenished. The total reserve-to-production ratio was ten years (2006: seven years). This figure is based on Wintershall’s share of production in 2007 and refers to the reserves at year end.

In 2000, Exploration and Production was set the target of increasing oil and gas production in the first decade of the new millennium by 50 percent - in terms of production volume, the target was 120 barrels oil equivalent. However, the 2010 target will now be met sometime in 2008. Hence a new and challenging target for oil and gas production has been set: the target for oil and gas production is now approx. 140 million barrels oil equivalent by 2010.

Reserves

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