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Wintershall Dea AG

Full company profile

uuid00073po

Namestring
Wintershall Dea AG
Legal namestring
Wintershall Dea GmbH
Websiteurl
wintershalldea.com
Company typeenum
Private
Founded yearint
1896
Descriptiontext

Wintershall Dea GmbH is a German upstream oil and gas company historically engaged in the exploration, development, and production of hydrocarbon resources across multiple international basins. Its operating geographies spanned Norway, the United Kingdom, and the United States, with the company's upstream assets producing on the order of hundreds of thousands of barrels of oil equivalent per day at scale prior to its 2025 divestiture. The underlying business model was B2B commodity sales — crude oil and natural gas sold into global commodity markets and directly to refineries and gas processors at enterprise scale, with pricing governed by prevailing energy market benchmarks rather than disclosed tariffs.

The company traces its origins to 1896 as a potash enterprise and was reconstituted in its modern upstream form through the 2017–2019 combination of Wintershall and DEA Deutsche Erdoel, which merged to create the Wintershall Dea platform in 2019. Following the merger, Wintershall Dea operated as a major European independent E&P with a multi-geography portfolio, an employee base in the 1,001–5,000 range, and senior leadership including a CEO and Chairman (Mario Mehren), COO (Dawn Summers), CTO (Hugo Dijkgraaf), and Chief Production Engineer (Aurelian Serban).

In 2025, Harbour Energy completed the acquisition of Wintershall Dea's upstream assets for approximately £9 billion, transferring the company's principal production base (integrated by Harbour Energy to record 474,000 boe/day, an 80% year-over-year increase) into a new corporate parent. Following this transaction, the remaining Wintershall Dea GmbH operates as a residual entity under Harbour Energy ownership, with its public-facing website emphasising corporate governance, compliance, supply chain oversight, and historical accountability rather than active upstream operations. The legal entity continues to exist; the underlying upstream business does not.

Short descriptiontext

Wintershall Dea GmbH is a German upstream oil and gas exploration and production company whose core hydrocarbon assets were divested to Harbour Energy in 2025 for £9 billion. The residual entity operates under Harbour Energy ownership with a focus on corporate governance, compliance, supply chain oversight, and historical accountability rather than active upstream operations.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersKassel, Germany
HQ citystring
Kassel
HQ countrystring
Germany
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
oil and gas exploration, upstream production services, hydrocarbon extraction operations, natural gas production, crude oil development
Industry3 codes
1Upstream HSE, Regulatory Compliance & Emissions Management (Methane/Flare)
CodeEUALAAAMPrimaryYes
2Gas Processing & NGL Recovery (Dehydration, Sweetening, Cryogenic Recovery)
CodeEUALAGAGPrimaryNo
3Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals)
CodeEUALABAHPrimaryNo
NAICS code3 codes
  • Oil and Gas Extraction211
  • Natural Gas Extraction21113
  • Crude Petroleum Extraction211120
SIC code3 codes
  • Crude Petroleum & Natural Gas1311
  • Oil & Gas Field Exploration Services1382
  • Oil & Gas Field Services, Nec1389
Product category
Upstream Oil and Gas Exploration and Production
Revenue model1 record
1Oil and Gas Production
TypeTransaction Fee
Description

Revenue generated from exploration, development, and production of oil and natural gas resources

pwc.co.uk
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Wintershall Dea GmbH was an upstream oil and gas exploration and production company that developed, operated, and sold crude oil and natural gas produced from fields in Norway, the United Kingdom, Germany, and the United States. Its core offering centered on hydrocarbon E&P operations, including exploration, field development, drilling, and reservoir management, with the company's upstream assets subsequently acquired by Harbour Energy in 2025 for approximately £9 billion.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Wintershall Dea GmbH is an upstream oil and gas exploration and production company. The company's corporate website presents its historical operations spanning from the end of the 19th century to today, with focus areas including management oversight, historical responsibility, compliance, and supply chain management. The website structure indicates a corporate presence rather than a product-based platform offering.

Product and service1 record
1Wintershall Dea Upstream Operations
CategoryUpstream Oil and Gas Exploration and Production
Description

Oil and gas exploration and production operations conducted across multiple regions, including Norway, the United Kingdom, Germany, and the United States, delivering crude oil and natural gas feedstock to enterprise energy buyers. The upstream assets were acquired by Harbour Energy in 2025 for approximately £9 billion.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Market position
Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Wintershall Dea AG

Upstream Oil and Gas Exploration and Productionwintershalldea.com

Wintershall Dea GmbH is a German upstream oil and gas exploration and production company whose core hydrocarbon assets were divested to Harbour Energy in 2025 for £9 billion. The residual entity operates under Harbour Energy ownership with a focus on corporate governance, compliance, supply chain oversight, and historical accountability rather than active upstream operations.

What Wintershall Dea AG does

Wintershall Dea GmbH is a German upstream oil and gas company historically engaged in the exploration, development, and production of hydrocarbon resources across multiple international basins. Its operating geographies spanned Norway, the United Kingdom, and the United States, with the company's upstream assets producing on the order of hundreds of thousands of barrels of oil equivalent per day at scale prior to its 2025 divestiture. The underlying business model was B2B commodity sales — crude oil and natural gas sold into global commodity markets and directly to refineries and gas processors at enterprise scale, with pricing governed by prevailing energy market benchmarks rather than disclosed tariffs.

The company traces its origins to 1896 as a potash enterprise and was reconstituted in its modern upstream form through the 2017–2019 combination of Wintershall and DEA Deutsche Erdoel, which merged to create the Wintershall Dea platform in 2019. Following the merger, Wintershall Dea operated as a major European independent E&P with a multi-geography portfolio, an employee base in the 1,001–5,000 range, and senior leadership including a CEO and Chairman (Mario Mehren), COO (Dawn Summers), CTO (Hugo Dijkgraaf), and Chief Production Engineer (Aurelian Serban).

In 2025, Harbour Energy completed the acquisition of Wintershall Dea's upstream assets for approximately £9 billion, transferring the company's principal production base (integrated by Harbour Energy to record 474,000 boe/day, an 80% year-over-year increase) into a new corporate parent. Following this transaction, the remaining Wintershall Dea GmbH operates as a residual entity under Harbour Energy ownership, with its public-facing website emphasising corporate governance, compliance, supply chain oversight, and historical accountability rather than active upstream operations. The legal entity continues to exist; the underlying upstream business does not.

Wintershall Dea AG firmographics

Firmographics
Name
Wintershall Dea AG
Legal name
Wintershall Dea GmbH
Website
https://wintershalldea.com
Company type
Private
Founded year
1896
Operating status
Acquired
Headcount range
1,001–5,000 employees
Short description
Wintershall Dea GmbH is a German upstream oil and gas exploration and production company whose core hydrocarbon assets were divested to Harbour Energy in 2025 for £9 billion. The residual entity operates under Harbour Energy ownership with a focus on corporate governance, compliance, supply chain oversight, and historical accountability rather than active upstream operations.
Ownership category
akta.pro rank

Wintershall Dea AG industry classification

Industry
Product category
Upstream Oil and Gas Exploration and Production
NAICS
Oil and Gas Extraction (211), Natural Gas Extraction (21113), Crude Petroleum Extraction (211120)
SIC
Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382), Oil & Gas Field Services, Nec (1389)
akta.pro primary industry
Upstream HSE, Regulatory Compliance & Emissions Management (Methane/Flare) (EUALAAAM)
akta.pro secondary industries
Gas Processing & NGL Recovery (Dehydration, Sweetening, Cryogenic Recovery) (EUALAGAG), Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

Keywords

  • Oil and gas exploration
  • Upstream production services
  • Hydrocarbon extraction operations
  • Natural gas production
  • Crude oil development

Where Wintershall Dea AG is headquartered

Location

Headquarters

HQ city
Kassel
HQ country
Germany
HQ region
Europe

Offices1 record

Markets served

Wintershall Dea AG business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D

Revenue model

  1. Oil and Gas Production: Revenue generated from exploration, development, and production of oil and natural gas resources

Distribution channels1 record

Marketing channels1 record

Wintershall Dea AG product offering

Product offering

Core offering

Wintershall Dea GmbH was an upstream oil and gas exploration and production company that developed, operated, and sold crude oil and natural gas produced from fields in Norway, the United Kingdom, Germany, and the United States. Its core offering centered on hydrocarbon E&P operations, including exploration, field development, drilling, and reservoir management, with the company's upstream assets subsequently acquired by Harbour Energy in 2025 for approximately £9 billion.

Product overview

Wintershall Dea GmbH is an upstream oil and gas exploration and production company. The company's corporate website presents its historical operations spanning from the end of the 19th century to today, with focus areas including management oversight, historical responsibility, compliance, and supply chain management. The website structure indicates a corporate presence rather than a product-based platform offering.

Differentiator

Problem solved

Functional benefit

Products and services

  • Wintershall Dea Upstream Operations Oil and gas exploration and production operations conducted across multiple regions, including Norway, the United Kingdom, Germany, and the United States, delivering crude oil and natural gas feedstock to enterprise energy buyers. The upstream assets were acquired by Harbour Energy in 2025 for approximately £9 billion.

Companies that use Wintershall Dea AG

Customer profile

Ideal customer profiles1 record

Wintershall Dea AG technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Wintershall Dea AG partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Wintershall Dea AG competitors and assessment

Company assessment

Market position

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Wintershall Dea AG social profiles

Digital presence

Wintershall Dea AG financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Wintershall Dea AG leadership team

Management profile

Number of profiles

Profiles4 records

Wintershall Dea AG funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Wintershall Dea AG M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wintershall Dea AG

What does Wintershall Dea AG do?

Wintershall Dea GmbH was an upstream oil and gas exploration and production company that developed, operated, and sold crude oil and natural gas produced from fields in Norway, the United Kingdom, Germany, and the United States. Its core offering centered on hydrocarbon E&P operations, including exploration, field development, drilling, and reservoir management, with the company's upstream assets subsequently acquired by Harbour Energy in 2025 for approximately £9 billion.

Is Wintershall Dea AG a public or private company?

Wintershall Dea AG is a private company. It is classified as corporate owned and is currently acquired.

When was Wintershall Dea AG founded?

Wintershall Dea AG was founded in 1896. It employs 1,001 to 5,000 people.

Where is Wintershall Dea AG based?

Wintershall Dea AG is headquartered in Kassel, Germany, in the Europe region.

How does Wintershall Dea AG make money?

One revenue line is on record: oil and Gas Production.

Does Wintershall Dea AG have an API?

No public API is recorded for Wintershall Dea AG.

What industry is Wintershall Dea AG in?

Wintershall Dea AG's product category is Upstream Oil and Gas Exploration and Production. Its primary akta.pro industry code is EUALAAAM, Upstream HSE, Regulatory Compliance & Emissions Management (Methane/Flare), with a secondary code of EUALAGAG, Gas Processing & NGL Recovery (Dehydration, Sweetening, Cryogenic Recovery). Its NAICS code is 211 and its SIC code is 1311.

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Live signals
WebWireWintershall Dea sells stake in Wintershall Noordzee to Mazarine EnergyWintershall Dea GmbH has completed the sale of its 50% stake in Wintershall Noordzee B.V. to Mazarine Energy B.V. following regulatory approval. This transaction is part of Wintershall Dea's ongoing portfolio restructuring and wind-down activities, which began with the transfer of its E&P business excluding Russian assets to Harbour Energy in September 2024.Discovery AlertUK Offshore Oil and Gas Consolidation Reshapes North Sea MarketThe UK North Sea offshore oil and gas sector is experiencing a major consolidation wave driven by the Energy Profits Levy, which raised the total tax burden on upstream profits to 78% from 40% in 2022, fundamentally altering project economics and forcing operators to pursue scale through mergers and joint ventures to maintain viable returns. Key consolidation moves include Shell and Equinor launching the Adura joint venture (200,000+ boe/d), TotalEnergies partnering with Neo Next to form Neo Next+ (targeting 250,000 boe/d in 2026), and Harbour Energy completing the $11.2 billion Wintershall Dea merger while acquiring LLOG for $3.2 billion to diversify beyond UK fiscal constraints. Government policy under the North Sea Future Plan simultaneously restricts new development opportunities through licensing moratoriums and near-field-only expansion rules, creating tension between domestic energy security and climate transition objectives.Process and Control TodayBuilding energy resilience in heavy industry through forecast-driven optimizationABB is promoting its OPTIMAX Energy Monitoring and Reporting system to help heavy industry sectors improve energy resilience through forecast-driven optimization. The article highlights case studies from Wintershall Dea and Cabot GmbH, where the platform enabled consolidated monitoring of energy flows and improved operational efficiency. This approach aims to reduce costs, enhance safety, and support decarbonization goals in volatile energy markets.MergerlinksHarbour Energy completed the acquisition of the E&P business of Wintershall Dea from BASF and LetterOne for $11.2bn.Harbour Energy completed the acquisition of Wintershall Dea's exploration and production business from BASF and LetterOne for $11.2 billion. This transaction marks a significant strategic move for Harbour Energy to expand its operations in the energy sector. The acquisition aligns with ongoing efforts to enhance production capabilities and meet future energy demands.ChemAnalystHarbour Energy Completes Wintershall Dea Asset Portfolio Acquisition from BASFHarbour Energy has completed the acquisition of Wintershall Dea AG's upstream asset portfolio from BASF and LetterOne, valued at approximately $11.2 billion through a mix of equity, bonds, and cash. This transaction positions Harbour Energy as one of the world's largest independent oil and gas companies, with production capacity rising to approximately 475,000 barrels of oil equivalent per day across multiple regions including Norway, the UK, and Argentina.Morningstar Financial ResearchHarbour Energy completes Wintershall Dea acquisitionHarbour Energy PLC has completed its acquisition of the upstream asset portfolio from Wintershall Dea, a subsidiary of BASF SE and LetterOne, for USD11.20 billion in cash and shares. The transaction expands Harbour Energy's operations across multiple countries and is expected to generate annual production of 250,000 to 265,000 barrels of oil per day with a total capital expenditure of approximately USD1.7 billion. Following the completion, Harbour Energy reported net debt of around USD4.5 billion, while shares in both Harbour Energy and BASF experienced declines.GlobeNewswireVallourec Secures Significant Purchase Order from Wintershall Dea for Premium Tubular Solutions in the North SeaVallourec was awarded a purchase order from Wintershall Dea for nearly 3,000 tonnes of premium tubular solutions for the Dvalin North deepwater gas project in the Norwegian North Sea. The order includes high-end corrosion-resistant alloy pipes, connections, and services, with production in Brazil and France and delivery by year-end.Pulse 2.0Harbour Energy Signs $11.2 Billion Deal For Wintershall Dea AssetsBASF, LetterOne, and Harbour Energy signed a deal to transfer Wintershall Dea's E&P and CCS assets to Harbour for $11.2 billion, including $2.15 billion cash and new shares. BASF will receive 39.6% of the enlarged Harbour, aiding its exit from oil and gas. Closing is targeted for Q4 2024, subject to regulatory approvals.PR NewswireApproved development plans for Skarv Satellite Projects (SSP)The Norwegian Ministry of Petroleum and Energy has approved three Plans for Development and Operation (PDOs) for the Skarv Satellite Project (SSP) in the Norwegian Sea, submitted by operator Aker BP and licence partners PGNiG, Wintershall Dea, and Equinor in December 2022. The project comprises three gas and condensate discoveries (Alve Nord, Idun Nord, and Ørn) with estimated recoverable resources of approximately 120 million barrels of oil equivalent and total investments of close to NOK 17 billion. Production is planned to start in Q3 2027, with low incremental CO2 emissions of 4.5 kg/boe and approximately 60 percent Norwegian content.GlobeNewswireAltera Infrastructure and Wintershall Dea Awarded License to Develop CO2 Storage on Norwegian Continental ShelfAltera Infrastructure and Wintershall Dea were awarded a license to develop the Havstjerne CO2 storage on the Norwegian Continental Shelf. The storage has an estimated annual capacity of 7 million tonnes per annum. The partnership is advancing its Stella Maris CCS infrastructure concept for European customers.