Last Update: 03/12/2009
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Supplementary information concerning oil and gas producing activities


The following tables provide supplemental information on the exploration and production business sector of the Oil & Gas segment. In the absence of detailed disclosure rules in this area under IFRS, the Group has elected to voluntarily disclosure the data that would have been required under SFAS No. 69 (Disclosure of Oil and Gas Producing Activities). In order to present an economically meaningful reporting of the cooperation with Gazprom in the Yuzhno Russkoye project, several modifications have been made to SFAS 69. BASF has an interest of 35% in the economic rewards of this field through Severneftegazprom (SNG), the company which holds the production license. SNG is accounted for using the equity method. A consolidated project company was established for these operations.

In the following, the stake in the Yuzhno Russkoye project is reported under Russia/Caspian Sea region. In addition, the values for SNG, which is accounted for using the equity method, are presented separately.

All consolidated subsidiaries are included with 100%. To the extent that other investors have a stake in these companies, their share is presented separately. This relates to a stake in a German Wintershall subsidiary which was part of the asset swap with Gazprom. This company holds the production and exploration rights to the Libyan onshore concession 96 and 97. Due to contractual rules, the following does not include any volumes or values from the Achimgaz project.

The regions include the following countries with operational activities:

  • Russia/Caspian Sea region: Russia, Turkmenistan
  • Rest of Europe: Denmark, the United Kingdom, the Netherlands, Norway, Romania
  • North Africa/Middle East: Dubai (until 2007), Qatar, Libya, Mauritania, Oman (since 2008)
  • South America: Argentina, Chile (since 2008)

Statistical information on the concession areas or the number of wells is not given due to its limited economic value.

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