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Wintershall Holding AG
Type Public
Founded 1894
Headquarters Kassel, Germany
Key people Reinier Zwitserloot
Net income 2. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc Year 1894 ( MDCCCXCIV) was a Common year starting on Monday (link will display the full calendar of the Gregorian calendar (or a Common Kassel (until 1926 officially Cassel) is a city situated along the Fulda River in northern Hessen, Germany, one of the two sources of the Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. 4 billion (2005)
Employees ~1. Employment is a Contract between two parties, one being the employer and the other being the employee. 700 (2005)
Website Official website

Wintershall AG is the largest crude oil and natural gas producer in Germany. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Aktiengesellschaft ('aktsiəngəzεlʃaft abbreviated AG) is a German term that refers to a Corporation that is limited by shares i Petroleum ( L petroleum, from Greek πετρέλαιον, lit Natural gas is a Gaseous Fossil fuel consisting primarily of Methane but including significant quantities of Ethane, Propane, The company is based in Kassel, Germany. Kassel (until 1926 officially Cassel) is a city situated along the Fulda River in northern Hessen, Germany, one of the two sources of the Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe. Wintershall is a wholly owned subsidiary of BASF, based in Ludwigshafen. BASF SE () is a German chemical company and the largest chemical company in the world Ludwigshafen am Rhein is a City in Rhineland-Palatinate, Germany. The name Wintershall sits down from the surname of the enterprise co-founder Carl Julius Winters and the celtic word for salt (hall) together.

The company made a profit of 2. 4 billion euro in 2005 [1]. In 2005, the company had 1,700 employees worldwide[2]. The Chairmen of the board of Executive Directors is Reinier Zwitserloot [3].

Contents

History

The drilling company Wintershall was established in 1894 by the industrialist Heinrich Grimberg and the drilling contractor Carl Julius Winters. Year 1894 ( MDCCCXCIV) was a Common year starting on Monday (link will display the full calendar of the Gregorian calendar (or a Common Originally the company operated in the mining of potash. Potash (or carbonate of potash) is an impure form of Potassium carbonate ( K 2 CO3) In 1930, the coincidental leak of oil in one of the potash pits added oil production to the lsit of company activities. Year 1930 ( MCMXXX) was a Common year starting on Wednesday (link will display 1930 calendar of the Gregorian calendar. Because of increased oil demand, Wintershall concentrated to the oil production. In 1950s Wintershall started natural gas production. The 1950s Decade refers to the years of 1950 to 1959 inclusive In 1969 Wintershall AG became a subsidiary of BASF. Year 1969 ( MCMLXIX) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. The potash mining was sold to Kali&Salz AG. In 1990s the natural gas production by Wintershall AG expanded. The 1990s collectively refers to the years between and including 1990 and 1999 In the autumn 1990 Wintershall started cooperation with Russian gas company Gazprom and concluded a long-term agreement on marketing of Russian natural gas in Germany. OJSC Gazprom, (Газпром long version Открытое Aкционерное Oбщество Газпром sometimes transcribed as Gasprom is the largest Russian company In popular usage "marketing" is the promotion of products especially Advertising and Branding However in professional usage the term has a wider meaning of In 1993, WINGAS GmbH, the joint venture of Wintershall (50% plus one share) and Gazprom (50% minus one share) was established. Wingas GmbH is a gas distribution transport and storage company located in Kassel, Germany. OJSC Gazprom, (Газпром long version Открытое Aкционерное Oбщество Газпром sometimes transcribed as Gasprom is the largest Russian company In 2005, Wintershall, Gazprom and E.ON Ruhrgas agreed to build the Nord Stream natural gas pipeline from Russia to Germany. EON AG ( an energy corporation based in Düsseldorf, Germany, is the largest of the 30 members of the DAX Stock index of major Nord Stream (Северный поток Nordeuropäische Gasleitung Gazociąg Północny former names North Transgas and North European Gas Pipeline; also Russia (Россия Rossiya) or the Russian Federation ( Rossiyskaya Federatsiya) is a transcontinental Country extending In 2006, Wintershall got a stake in Yuzhno-Russkoye gas field. The Yuzhno-Russkoye field is a Russian oil and gas field located in the Krasnoselkupsky District, Yamal-Nenets Autonomous Okrug, Tyumen Oblast

Fields of activity

The activities of Wintershall cover two ranges: exploration and production of oil and natural gas, and the natural gas trade, which includes also transport and storage. The extraction of petroleum is the process by which usable Petroleum is extracted and removed from the earth An oil is a substance that is in a viscous Liquid state ( "oily") at ambient temperatures or slightly warmer and is Natural gas is a Gaseous Fossil fuel consisting primarily of Methane but including significant quantities of Ethane, Propane,

In exploration and production the emphasis of the activities lies in Western Europe, North Africa, South America and Russia. Western Europe at its most general meaning means 'all the countries in the West of Europe ' North Africa or Northern Africa is the Northernmost Region of the African Continent, separated by the Sahara from Sub-Saharan South America is a Continent of the Americas, situated entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a Russia (Россия Rossiya) or the Russian Federation ( Rossiyskaya Federatsiya) is a transcontinental Country extending

References

  1. ^ Wintershall-Gruppe: balance to 31 December 2005 (pdf, 300kb)
  2. ^ hr-online: property of contacts to Siberia pay themselves out , conditions: August 2006
  3. ^ WINTERSHALL: executive committee/supervisory board, conditions: August 2006

External links


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