Wintershall increases oil production in Aitingen

Tuesday, February 28, 2012
  • The exploration well 'Aitingen Nord-Ost 1' will first undergo a test in April to provide information on the possible production volumes.

Wintershall is continuing to invest in domestic oil production: between November 2011 and January 2012 the company sunk the new wells 'Aitingen Süd 2', 'Schwabmünchen 7' and 'Aitingen Nord-Ost 1' in the Alpine foothills south of Augsburg. All three wells struck oil. The crude oil from 'Aitingen Süd 2' and 'Schwabmünchen 7' will flow via steel pipeline to the operations in Aitingen from May 2012, where it will be treated and then transported to the refinery in Lingen. The exploration well 'Aitingen Nord-Ost 1' will first undergo a test in April to provide information on the possible production volumes.

The wholly owned BASF subsidiary Wintershall has invested around 7.5 million euros in the wells. 'The new wells aim to increase the previous annual production volumes and secure production for the next 20 years,' Rainer Ihl, Manager of Wintershall's production site in Aitingen, explained. The company has been operating the production region south of Augsburg since 1979. In 2011 around 30,000 tons of crude oil were produced in Aitingen and Schwabmünchen. The new discoveries bring the total number of production wells by Wintershall in the Alpine foothills to ten.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related Companies

Related News

Join 70,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Your details are never shared or sold. We hate spam too.

Key Supporters


 

» More Jobs       » Upload a free Job       » Upload your CV

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • Oil and friction in Iraq
    Oil continues to be a cause of considerable friction between Baghdad and Irbil, and is most definitely not lubricating relationships. The game of “Texas Hide and Seek&rd ...

» More Opinion & Commentary         » Write for us             RSS RSS

OilVoice Magazine
Oil Echo
Oil Earth

Opinions & Commentary

Oil price, Sundry news items- Rosneft-Genel-Salamander-Fastnet-Apache and finally...

by Malcolm Graham-Wood

Read More »