Wintershall Dea

Wintershall Dea is a global company based in Kassel, Germany, engaged in the exploration and production of natural gas and crude oil. Formed through the merger of Wintershall Holding GmbH and DEA Deutsche Erdöl AG, the company operates as a reliable partner and pioneer in the energy sector. Wintershall Dea provides a range of services, including exploration, gas transportation, development, production, and carbon management. Additionally, the company is involved in hydrogen supply chain management, reflecting its commitment to integrating innovative concepts and technologies into its core operations.

Lukas Rode

Analyst

4 past transactions

HiiROC

Venture Round in 2021
HiiROC is an industrial company specializing in low-cost, zero-emission hydrogen production. Utilizing proprietary plasma technology, HiiROC converts biomethane, flare gas, or natural gas into clean hydrogen with no CO2 emissions. Its innovative methane cracking process produces solid carbon instead of greenhouse gases, making it a sustainable alternative to conventional methods like steam methane reforming and water electrolysis. The company's modular, scalable units enable on-site hydrogen production for fuel cells, reducing capital expenditure and operational costs compared to other hydrogen production technologies. Additionally, HiiROC offers zero-emission carbon black as an eco-friendly replacement for oil furnace-produced carbon black.

Earth Science Analytics

Series B in 2020
Earth Science Analytics AS is a Norwegian company specializing in cloud-based software solutions for the petroleum geosciences market. Founded in 2012 and headquartered in Stavanger, it offers a range of geoscience-driven software products designed to enhance exploration success in complex geological environments. The company's primary platform, EarthNET, is a web-based, geospatial-oriented software as a service (SaaS) that utilizes artificial intelligence to predict rock and fluid properties in the subsurface. Additional offerings include EarthBANK, a geo-data management platform; EarthGRAPH, a data visualization tool; and EarthINSIGHT, a decision support tool. Through machine learning workflows, Earth Science Analytics aims to deliver high-quality, data-driven predictions to clients in the exploration and production sector, improving efficiency, precision, and cost-effectiveness compared to traditional methods.

DEA Deutsche Erdoel

Acquisition in 2017
DEA Deutsche Erdoel AG, headquartered in Hamburg, Germany, is engaged in the exploration and production of crude oil and natural gas both domestically and internationally. The company holds licenses for production and exploration in various countries, including Germany, Algeria, Denmark, Egypt, Ireland, Libya, Norway, Suriname, and Turkmenistan. Founded in 1899 and formerly known as RWE Dea AG, DEA Deutsche Erdoel has a workforce of approximately 1,150 employees and has developed extensive experience across the entire upstream value chain. As of January 1, 2017, the company reported proved plus probable reserves of 667 million barrels of oil equivalent. DEA Deutsche Erdoel was acquired by Wintershall Dea GmbH in May 2019, marking a significant transition in its operational landscape.

Wintershall Group

Acquisition in 2017
Wintershall Holding GmbH focuses on exploration and production in oil and gas-rich regions. Wintershall is also active in the transportation of natural gas in Europe. The company has about 2,000 employees worldwide and is Germany’s largest, internationally active crude oil and natural gas producer.
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