Germany’s Wintershall DEA has concluded its exit from Abu Dhabi with the sale of its 10% stake in the Ghasha sour gas concession to Thailand’s PTTEP.

Shareholders BASF and LetterOne last year agreed to wind up their jointly-owned upstream firm Wintershall with the sale of the bulk of its assets to UK firm Harbour Energy. The sole UAE asset, Ghasha, was excluded from the scope of the agreement (MEES, 22 December 2023). (CONTINUED - 317 WORDS)