Wintershall sets sights on Brazil’s offshore licensing rounds

Wintershall sets sights on Brazil’s offshore licensing rounds

Winterhsall, a subsidiary of German chemicals group BASF, said on Wednesday that it aims to expand into Brazil’s booming offshore sector, according to Reuters.

The energy unit of BASF, Wintershall plans to participate in Brazil’s upcoming offshore licensing rounds. And it is open to teaming up with other firms in joint ventures.

It is also on the verge of a merger with rival oil and gas E&P firm Deutsche Erdoel AG (DEA) in a multibillion-euro deal.

It already has a global footprint embracing Russia, Argentina, Norway, Libya and Germany.

“The Brazilian coastline is viewed as one of the world’s most promising oil regions,” said Wintershall’s CEO Mario Mehren.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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