DEA awarded new exploration licence in the Nile Delta Onshore Egypt
German upstream company is back to exploration in Egypt! 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 […]
DEA: First Gas from Giza, Fayoum WND fields offshore Egypt
Next milestone at DEA’s West Nile Delta project: First Gas from the Giza and Fayoum fields offshore Egypt. Production start from additional two gas fields in time and below budget. West Nile Delta contributes to DEA’s continuous growth. Maximum rate from Giza and Fayoum of approximately 700 mmscfd expected. DEA and operator BP commenced production […]
Neptune, DEA submit bids for Edison oil and gas assets – sources
Pair of companies looking to take over oil and gas assets from Italian player. Private equity-backed Neptune Energy and Germany’s DEA have submitted bids for the oil and gas assets in Egypt, Italy and elsewhere which EDF’s Italian unit Edison is selling, industry sources said on Friday. The offers are non-binding at this stage, one […]
LetterOne, BASF merge oil & gas units to create Wintershall DEA
Chemicals group BASF and LetterOne signed a merger agreement to combine their respective oil and gas businesses Wintershall and DEA to create an independent European oil and gas company, the companies said Sept. 27. The new company called Wintershall DEA will be headquartered in Kassel and Hamburg and will seek to list itself through an […]
DEA appoints Sameh Sabry as new Egypt General Manager
Sameh Sabry has been named General Manager of DEA Egypt, succeeding Thomas Radwitz. DEA Deutsche Erdoel AG has named Sameh Sabry as the new General Manager of DEA Egypt. He will take over the responsibilities as of 1 August 2018. On the occasion of the hand over, CEO Maria Moraeus Hanssen participated in the farewell […]
Video: What is DEA planning in Egypt? CEO Maria Moraeus Hanssen Interview
What is DEA planning in Egypt? CEO Maria Moraeus Hanssen answers the most important questions At EGYPS 2018 Maria Moraeus Hanssen, CEO DEA Deutsche Erdoel AG, explains in an interview her view on DEA in Egypt and her personal impressions of Egypt. For more information go to http://dea-group.com/en/egyps-2018 (Source: DEA)
DEA to invest $500 million in Egypt, boosting oil & gas production
DEA Deutsche Erdoel AG announces a significant increase of production from its oil fields in the Gulf of Suez and from the Disouq gas fields in the Onshore Nile Delta. The next phase of the West Nile Delta (WND) development is intended to contribute to the company’s target. DEA plans to invest about 500 million […]
DEA eyes increasing investment in Disouq, Gulf of Suez
Germany’s DEA Group planned to pump more investments in Gulf of Suez and Disouq regions in Egypt, CEO of the group Maria Moraeus Hanssen said Wednesday. In a meeting with Minister of Petroleum Tarek El-Molla, Hanssen stated that Egypt is now an attractive investment destination especially after latest gas production from new fields, such as […]
New DEA CEO: “Adapt and adjust”
Maria Moraeus Hanssen announces a time for change on her first day as CEO and Chairman of the Board of Management of DEA Deutsche Erdoel AG. “I am starting at DEA in a very interesting time for the company and for the business as a whole. My main task going forward will be to make […]
New CEO takes over at DEA amid Wintershall merger talks
Maria Moræus Hanssen has started as the new chief executive officer of DEA Deutsche Erdoel AG, an oil and gas company based in Germany and owned by LetterOne. Following her appointment in September 2017, Maria Moræus Hanssen on Thursday, January 4 succeeded Thomas Rappuhn who spent eight years as DEA CEO. On her first day […]
