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  1. Market Data
May 9, 2022

Völkersen Z 1 Conventional Gas Field, Germany

By Carmen

Völkersen Z 1 is a producing conventional gas field located onshore Germany and is operated by Wintershall Dea. The field is located in block Rotenburg-Volkersen.

Field participation details

The field is owned by BASF and LetterOne Holdings.


Production from Völkersen Z 1

The Völkersen Z 1 conventional gas field recovered 76.82% of its total recoverable reserves, with peak production in 2008. The peak production was approximately 119 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2063. The field currently accounts for approximately 7% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 30.65 Mmboe, comprised of 183.9 bcf of natural gas reserves. Völkersen Z 1 conventional gas field reserves accounts 0.01% of total remaining reserves of producing conventional gas fields globally.


About Wintershall Dea

Wintershall Dea GmbH (Wintershall Dea), formerly Wintershall Holding GmbH, explores for production of oil and natural gas. The company holds expertise in conducting geological studies, geophysical measurements, seismic surveys, reservoir modeling, field development, onshore and offshore production, hydraulic fracturing, drilling, steam flooding, and polymer flooding. It has operations in Aitingen Barnstorf, Emlichheim, Mittelplate, Landau, Eastern Sirte Basin, Yuzhno Russkoye, Gjoa, Vega and Neuquen fields among others. The company has presence in Germany, the Netherlands, Norway, the UK, Denmark, Libya, Argentina, Western Siberia and Southern Russia. It operates through partnerships with companies including Gazprom, LUKOIL and others. Wintershall is headquartered in Kassel, Germany.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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