Wintershall looks to Brazil for new oil production ventures

Wintershall looks to Brazil for new oil production ventures

Chamber Articles Category: Industry News Post Date: 03/07/18 Source: Reuters By: Vera Eckert
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KASSEL, Germany (Reuters) - BASF’s oil and gas subsidiary Wintershall announced plans on Wednesday to expand into Brazil’s growing offshore oil sector as part of a drive to boost sales and profit this year.

Chief executive Mario Mehren told reporters his company, which is due to merge with Russian-owned German rival DEA [RWEDE.UL], would compete in upcoming offshore licensing rounds in Brazil, possibly with partners. Read Full Article