Wintershall eyes Algeria in post-Russia reboot

The German producer is focusing on the North African country as it looks to strengthen its gas portfolio following its exit from Russia, COO Dawn Summers says in an interview with Petroleum Economist

Algeria can be a key growth region for Wintershall Dea as the German E&P company looks to diversify its gas production base in the wake of its exit from Russia, COO Dawn Summers tells Petroleum Economist. The North African country is “very important” as the company seeks moderate output growth by strengthening its portfolio and by pressing on with its existing exploration and M&A strategies, Summers says. “Algeria has all the key ingredients,” Summers tells Petroleum Economist. “It has the infrastructure, it has the reserves, it has the market and it also has the will with the new hydrocarbon law that was brought in very recently by the Algerian ministry to encourage IOCs to come to