Wintershall Dea: A New European Oil and Gas Champion
Wintershall and DEA Deutsche Erdoel AG join forces to become Europe’s leading independent gas and oil company. Global portfolio with strong growth prospects. Initial public offering (IPO) envisaged for 2nd half of 2020. Wintershall Holding GmbH (Wintershall) and DEA Deutsche Erdoel AG (DEA) have completed their merger. Wintershall Dea is now the leading independent gas […]
BASF and LetterOne complete merger of Wintershall and DEA
Creation of the largest independent oil and gas company in Europe. On track to reach production target of 750,000 to 800,000 barrels of oil equivalent per day between 2021– 2023, equivalent to an annual production growth rate of 6-8% Synergies of at least €200 million per year. Initial Public Offering envisaged for 2nd half of […]
DEA, SUCO hold symposium on women in Egypt’s Oil & Gas industry
The symposium discussed several ways to enhance women’s role in the petroleum industry and public sectors. General Manager Sameh Sabri: “DEA actively participates in the development of Egypt’s petroleum sector, providing more opportunities for women working in that sector. We are committed to work in Egypt as a long-term investor and pledge our continuous support […]
Concessions extended in Egypt: New Gulf of Suez investment for DEA
Concessions extended in Egypt – New investment for DEA in the Gulf of Suez. New concession agreement signed at Ministry of Petroleum Focus on unexploited potential of Ras Budran and Zeit Bay fields Improvement of sustainability through well workover and infrastructure integrity DEA has extended its concessions for the Ras Budran and Zeit Bay oil […]
Wintershall, DEA aim to close merger during first half of this year
Wintershall, DEA merger on track:Wintershall and DEA aim to close their merger during the first half of this year, creating what they claim will be Europe’s largest independent gas and oil producer. The new company will look to increase combined production (in 2017) of 575,000 boe/d by around 40% to 800,000 boe/d between 2021 and […]
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 […]
