Wintershall Dea, Europe’s leading independent gas and oil company, has reported its fourth quarter and full year 2022 results. Overall Group FY results were impacted by significant Russia-Ukraine war-related impairments and losses. Group 2022 net loss of €4.8 billion, includes €7 billion one-off, non-cash losses related to the Russian upstream and associated midstream business.
Wintershall Dea has signed an agreement with Hokchi Energy, the Mexican subsidiary of Pan American Energy, to acquire a 37% non-operated participating interest in the Hokchi Block, with a conditional option to increase its participation up to 40% at a later stage.