Wintershall eyes Algeria in post-Russia reboot
The German producer is focusing on the North African country as it looks to strengthen its gas portfolio following its exit from Russia, COO Dawn Summers says in an interview with Petroleum Economist
Algeria can be a key growth region for Wintershall Dea as the German E&P company looks to diversify its gas production base in the wake of its exit from Russia, COO Dawn Summers tells Petroleum Economist. The North African country is “very important” as the company seeks moderate output growth by strengthening its portfolio and by pressing on with its existing exploration and M&A strategies, Summers says. “Algeria has all the key ingredients,” Summers tells Petroleum Economist. “It has the infrastructure, it has the reserves, it has the market and it also has the will with the new hydrocarbon law that was brought in very recently by the Algerian ministry to encourage IOCs to come to
Also in this section
16 September 2024
The third part of our fourth chapter on the history of oil takes the story of gas to the present day with the rise of LNG and the creation of a truly global market
16 September 2024
Gas is difficult to move compared with oil, requiring additional infrastructure. The second part of our history of gas examines how expanding pipeline networks made it possible to monetise the fuel
16 September 2024
The first part of our fourth chapter on the history of oil looks at the origins of gas and LNG—once considered a nuisance, now a fuel of the future
13 September 2024
The Ukraine–Russia gas transit and interconnection agreements are due to expire at the end of this year, but despite some uncertainty, Europe seems well-prepared