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DEA extends Concessions in Egypt

DEA extends Concessions in Egypt

March 7, 2019 No Comments

DEA has extended its concessions for the Ras Budran and Zeit Bay oil fields in the Gulf of Suez. At a formal ceremony event, witnessed by H.E. Eng. Tarek El-Molla the Egyptian Minister of Petroleum and Mineral Resources, DEA’s General Manager Sameh Sabry signed the new concession agreement. The new agreement extends the concession for […]

DEA’s Ogarrio field in Mexico gets approval

DEA’s Ogarrio field in Mexico gets approval

March 7, 2019 No Comments

The Field Development Plan for DEA’s operated oil field Ogarrio Onshore Mexico has been approved by the National Hydrocarbons Commission (CNH). With the planned Ogarrio development, DEA aims to increase production and optimize operations of the mature oil field in the Mexican state Tabasco. Juan Manuel Delgado, Country Manager for DEA’s Mexican business, said: “This […]

Huge growth forecast for Wintershall DEA

Huge growth forecast for Wintershall DEA

February 21, 2019 No Comments

The merger of the longstanding German companies Wintershall and DEA is progressing. So far, the companies have applied for all relevant governmental approvals and aim for closing during the first half of 2019. The merger will make Wintershall DEA the largest independent gas and oil company in Europe. The new company seeks to increase Wintershall’s […]

DEA awarded new licence in Nile Delta

DEA awarded new licence in Nile Delta

February 12, 2019 No Comments

The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) is covering 1,418 square kilometres and is located west of the Disouq development leases, where DEA is the operator with a licence share of 100%. “We […]

Next Milestone for West Nile Delta

Next Milestone for West Nile Delta

February 11, 2019 No Comments

DEA and operator BP commenced production from additional two West Nile Delta (WND) gas fields, Giza and Fayoum. Gas is flowing ashore from the recently completed eight wells through new subsea infrastructure and pipelines. The West Nile Delta development has reached first gas from the two fields on schedule and below budget. Giza and Fayoum […]

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DEA Sells gas storage facilities in Bavaria

DEA Sells gas storage facilities in Bavaria

January 2, 2019 No Comments

DEA Deutsche Erdoel AG sold three underground natural gas storage facilities operating in southern Bavaria to Slovak NAFTA a.s., a company of the EPH Group, with effective transaction date of January 1st 2019. NAFTA will continue DEA’s successful activities in the natural gas storage business. Wolfersberg gas storage facility has been in operation since 1973, […]

DEA Selects Cognite as Strategic Partner for Digital Transformation

DEA Selects Cognite as Strategic Partner for Digital Transformation

November 30, 2018 No Comments

DEA Deutsche Erdoel AG has selected Cognite AS to accelerate digital transformation and value creation by improved use of its existing industrial big data. This strategic partnership will support DEA’s bold plans for digital transformation. The project will start with deployment of the Cognite Data Platform on DEA’s own-operated Mittelplate asset in Germany. DEA aims […]

Women@DEA Summit in Hamburg

Women@DEA Summit in Hamburg

November 8, 2018 No Comments

Diversity and equal opportunities for all of employees is top priority at DEA. Employees from over 40 nations work at the exploration and production company operating internationally but headquartered in Hamburg, Germany. However, the female share of the total workforce at DEA is just above 25 per cent – which unfortunately is representative for an […]

Paul Smith to be appointed as CFO of Wintershall DEA

Paul Smith to be appointed as CFO of Wintershall DEA

November 6, 2018 No Comments

BASF and LetterOne today announce their agreement to appoint Paul Smith as future Chief Financial Officer (CFO) and member of the Management Board of Wintershall DEA. The appointment will take effect on closing of the merger of Wintershall and DEA, which is expected in the first half of 2019 and is still subject to customary […]

LetterOne and BASF to merge their oil and gas businesses to create Wintershall DEA

LetterOne and BASF to merge their oil and gas businesses to create Wintershall DEA

September 27, 2018 No Comments

LetterOne and BASF have today signed a Business Combination Agreement to merge their oil and gas businesses and create Wintershall DEA. Closing of the transaction is subject to customary regulatory approvals. Wintershall DEA will be the largest independent European exploration and production company, with activity in twelve countries across Europe, Latin America, North Africa and […]

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