Wintershall CEO, Mario Mehren, at the Annual Press Conference for Wintershall said: “In 2018 we set a production record with daily production of up to 500,000 barrels of oil equivalent (BOE). With a crude oil and natural gas production of 171 million BOE in 2018, Wintershall has once again significantly surpassed the record figure – 164 million BOE – from the previous year.”
Wintershall also increased its reserves by 12 percent to 1.9 billion BOE – also a record figure. Wintershall replenished 214 percent of the volumes produced in 2018. The reserves-to-production ratio was increased to around eleven years. This is the ratio of Wintershall’s production in 2018 to the end-of-year reserves.