Wintershall Dea

Wintershall Dea
Company type	German limited liability company (GmbH)
Industry	Gas and oil (exploration and production)
Predecessors	Wintershall; DEA AG;
Founded	1894 (Wintershall), 1899 (DEA, as Deutsche Tiefbohr-Actiengesellschaft, DTA)
Founders	Carl Julius Winter, Heinrich Grimberg (Wintershall), Rudolf Nöllenburg (first Managing Director of DTA)
Headquarters	Kassel and Hamburg, Germany
Areas served	Northern Europe, Russia, Latin America, Middle East and North Africa
Key people	Mario Mehren (CEO); Hugo Dijkgraaf (CTO); Paul Smith (CFO); Thilo Wieland (Region Russia, Latin America and Transportation and Interim Responsible MENA)
Production output	Natural gas: 445.000 BOE; Crude oil: 172.000 BOE (excluding Libya onshore due to the change to EPSA contracts);
Revenue	€5.9 billion (2019)
Operating income	€2.8 billion (2019)
Number of employees	2,847 (2019)
Website	wintershalldea.com

Wintershall Dea GmbH is a German gas and oil producer. The joint venture was created in May 2019 by the merger between Wintershall Holding GmbH and DEA Deutsche Erdoel AG. BASF SE has a 67% stake in it, with the other 33% being held by LetterOne, whose main ultimate owner is the Russian business magnate Mikhail Fridman. As of 2020^[update] it was planning listing on the Frankfurt Stock Exchange.^[3]

In 2021, Wintershall Dea was ranked no. 25 out of 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle in the Arctic Environmental Responsibility Index (AERI).^[4]

^ Cite error: The named reference :7 was invoked but never defined (see the help page).
^ "Annual Report 2019" (PDF). Wintershall DEA. Retrieved 2020-05-31.
^ Denina, Clara (2020-03-09). "Wintershall to delay Frankfurt IPO on coronavirus, price war - sources". Reuters. Retrieved 2020-08-29.
^ Overland, I., Bourmistrov, A., Dale, B., Irlbacher‐Fox, S., Juraev, J., Podgaiskii, E., Stammler, F., Tsani, S., Vakulchuk, R. and Wilson, E.C. 2021. The Arctic Environmental Responsibility Index: A method to rank heterogenous extractive industry companies for governance purposes. Business Strategy and the Environment. 30, 1623–1643. https://onlinelibrary.wiley.com/doi/10.1002/bse.2698

[:7-1] Cite error: The named reference :7 was invoked but never defined (see the help page).

[:1-2] "Annual Report 2019" (PDF). Wintershall DEA. Retrieved 2020-05-31.

[reuters090320-3] Denina, Clara (2020-03-09). "Wintershall to delay Frankfurt IPO on coronavirus, price war - sources". Reuters. Retrieved 2020-08-29.

[4] Overland, I., Bourmistrov, A., Dale, B., Irlbacher‐Fox, S., Juraev, J., Podgaiskii, E., Stammler, F., Tsani, S., Vakulchuk, R. and Wilson, E.C. 2021. The Arctic Environmental Responsibility Index: A method to rank heterogenous extractive industry companies for governance purposes. Business Strategy and the Environment. 30, 1623–1643. https://onlinelibrary.wiley.com/doi/10.1002/bse.2698

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