German oil and gas company Wintershall Dea is looking to Norway to ease the pain of its long-awaited decision to withdraw from Russia, according to chief executive Mario Mehren.
Speaking to Upstream’s sister publication DN, Mehren said that Wintershall Dea will continue to focus on investing in exploration and production in the Norwegian North Sea, where its production this year may increase by 30% to about 200,000 barrels of oil equivalent per day.
“About 75% of our [upstream] investments in the last three years have been in Norway.
