Wintershall Dea will terminate all its operations in Brazil and close the current office in Rio de Janeiro after the execution of all required measures. The company has nine exploration licenses, spread over Potiguar, Ceará, Campos, and Santos basins.
The decision is the result of a thorough analysis of the company’s global portfolio and how projects fit with the long-term strategy, said Wintershall board member Thilo Wieland.
Termination of operations in the country will be made in accordance with all contractual and legal regulations. The company has no remaining minimum work commitments in the licenses or other material financial obligations.