VOL. XLVI

No 45

10-November-2003

CASPIAN

Germanys Wintershall Acquires 70% Of Russian Offshore Caspian Block

Germanys Wintershall announced on 29 October that it had acquired a 70% stake in Russias Megatron NVK, an exploration company that holds sole rights to search for oil in the Tyuleni block in the Caspian Sea offshore Daghestan. Wintershall is to be operator for all exploration and production facilities. Financial details of the deal were not disclosed. A statement released by Wintershall...