Date: 7 months ago   Category: Energy

Gazprom expects decrease in gas production of the joint venture with Wintershall in the North Sea in 2018 — Rambler News Service


Gazprom and Wintershall plan gas production in the North Sea in 2018 within Wintershall Noordzee (WINZ) joint venture of 707 million cubic meters of gas that is 8,9% less than an indicator of last year, the managing director of Gazprom International Andrei Fick has said in an interview to the corporate Gazprom magazine. Oil production, according to the forecast, will grow by 3,5 times - to 59 thousand tons. "All in the 2017th production of the WINZ company has made 776 million cubic meters of gas and 17 thousand tons of oil. The plan for 2018 – according to 707 million cubic meters and 59 thousand tons" — Fick has noted. At the same time during 2019-2020 WINZ plans to increase extraction of natural gas to 1,1 billion cubic meters, oil – up to 85,6 thousand tons per year. The Gazprom group owns a share of 50% in authorized capital of Wintershall Noordzee B.V. (WINZ). The portfolio of assets of this company includes 51 licenses in the Netherlands, British and Danish sectors of the North Sea.

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