Wintershall takes over Vega operatorship from Statoil

Wintershall, a wholly owned subsidiary of BASF, has taken over the operatorship of the subsea oil and gas field Vega from Statoil. Vega is Wintershall’s first operated subsea tie-in field in Norway. With this transfer, Wintershall now operates two production fields on the Norwegian Continental Shelf: Brage and Vega. 

The takeover of the Vega operatorship is part of the transaction with Statoil that was completed in December 2014. By the acquisition of additional shares in the producing Vega and nearby Gjøa fields, Wintershall has established itself as a large producer on the Norwegian Continental Shelf. The company is currently producing more than 60,000 barrels of oil equivalent per day in Norway. With the further purchase of shares in the Aasta Hansteen gas development and the Polarled pipeline project as part of the same deal, Wintershall has strengthened its strategic partnership with Statoil and reaffirmed its long-term commitment to Norway.

The Vega field is located in the Norwegian section of the North Sea. It is tied back to the Gjøa platform, 28 kilometers to the east. The production on Vega started in 2010. Wintershall is the operator of the field, with a 55.6% working interest. Partners are Petoro (28.3%), Bayerngas (7.3%), GDF Suez (4.4%), and Idemitsu (4.4%).

 



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