Germany's 2017 oil output fell 6 percent, gas down 8 percent
FRANKFURT, March 13 (Reuters) - Germany produced 2.2 million
tonnes of oil in 2017, six percent less than in the previous
year, while natural gas output fell by eight percent to 7.3
billion cubic metres (bcm), industry association BVEG data
showed on Tuesday.
German producers include BEB Erdgas und Erdoel, Mobil
Erdgas-Erdoel, DEA (Shenzhen: 002260.SZ - news) , formerly part of RWE (Amsterdam: RW6.AS - news)
and Engie E&P Deutschland.
BASF's Wintershall produces modest gas volumes at
home but more abroad, and leads in domestic crude oil.
BVEG member firms had a turnover of 1.7 billion euros ($2.1
billion) in Germany last year, the same as in 2016, it said in
its annual report.
German gas producers have been trying to keep up production
but the government passed a law in 2016 imposing heavy limits on
novel fracking technology that could potentially have helped
access untapped shale gas reserves.
Germany sourced 7.1 percent of its gas demand from domestic
sources last year, down from 8 percent in 2016, while importing
the rest, the report showed.
Below are rounded-off annual figures for the industry:
Gas production 2017 2016
Gas production 26.9 bcm 27.5 bcm
of which indigenous 7.3 bcm 7.9 bcm
abroad 19.6 bcm 19.6 bcm
Oil production 10 mln T 10.5 mln T
- indigenous 2.2 mln T 2.4 mln T
- abroad 7.8 mln T 8.1 mln T
Exploration taxes paid 250 mln € 220 mln €
Domestic reserves
- gas 58.9 bcm 68.0 bcm
- oil 28.3 bcm 33.8 bcm
Estimated gas reserves* 58.9 bcm 65.7 bcm
Estimated oil reserves* 28.3 mln T 31.7 mln T
Employees 8,385 8,655
* secure and probable reserves numbers combined
($1 = 0.8111 euros)
(Reporting by Vera Eckert; Editing by Mark Potter)