Germany’s Wintershall to "Soon" Announce First Results for Shuwaihat Field

Germany’s Wintershall is intentioned to step up cooperation opportunities with United Arab Emirates, betting on the natural gas and condensate field Shuwaihat. Also through its partnership with state-run oil company of the emirate ADNOC, the German firm is trying to increase its presence in the Gulf region.

“The United Arab Emirates are an important partner for Germany. It is not just the responsibility of political representatives to breathe life into this partnership. The business community must do its part. We need more cooperation among companies” German Federal Minister of Economic Affairs, Sigmar Gabriel commented in a note released on Monday.

Wintershall and Austria’s OMV are in charge of the exploration and evaluation of the field containing sour gas.

‘The first exploration well for the Shuwaihat field began operations in 2014 and the first results are expected soon’ the company said during the meeting between Gabriel, Wintershall CEO Rainer Seele, and officials of the United Arab Emirates. 

Last week, Wintershall completed the takeover of the oil and gas Vega field on the Norwegian Continental Shelf from Statoil.