Maersk Oil Turkmenistan BV (Operated by Wintershall)

MAERSK OIL TURKMENISTAN BV (OPERATED BY WINTERSHALL)
http://www.maersk.com

Company Information
“Maersk Oil Turkmenistan BV provides oil and gas exploration and production services and is based in the Netherlands. The company operates as a subsidiary of A.P. Møller – Mærsk A/S.”[i]

Contact Information
Wintershall Holding GmbH
Ahal Hotel, Archabil Avenue, 35
Ashgabat, 744036
Turkmenistan
T: 993 12 510061
F: 993 12 510071

Maersk Headquarters
A.P. Møller – Mærsk A/S
Esplanaden 50
1098 Copenhagen K
Denmark
T: +45 3363 3363
F: +45 3363 4108

History in Turkmenistan
In 2002, Turkmenistan awarded Maersk Oil and Exploration a Production Sharing Agreement for offshore Blocks 11-12. According to 2007 agreements, the shareholders in the project were Maersk Oil (36 percent), Wintershall (34 percent) and OMEL (30 percent), with Wintershall as operator.[ii] For several years in a row, Wintershall press releases simply stated that the company was pursuing exploration activities in Turkmenistan, without providing any details.

Current Scope of Operations
In January 2010, the Maersk/Wintershall/OMEL consortium surrendered rights to Blocks 11-12 due to poor exploratory results.[iii]

Wintershall was a “Bronze Sponsor” of the 2010 Turkmenistan International Oil and Gas Conference.

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[i] Bloomberg, “Maersk Oil Turkmenistan BV,”http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=13501231. Accessed August 24, 2008.

[ii] http://www.maerskoil.com/en/AreasOfActivity/Turkmenistan/Pages/Turkmenistan.aspx. Accessed August 24, 2008.

[iii] Mishra (2010).