DEA is an internationally recognised mid-size operator in the E&P business with a strong core of high-quality operated assets in Germany, as well as a meaningful portfolio in Norway and Egypt.
DEA is committed to building a safe, sustainably growing European Premier League E&P company which is recognised as a partner of choice in its industry.
The company has full lifecycle capabilities across exploration and appraisal, development and production. It focusses on building value through operational excellence, effective capital allocation and active portfolio management, complemented by inorganic growth through selective M&A activities.
DEA’s key strengths and sound financial position offer attractive value creation potentials in relation to organic projects and M&A targets in DEA’s main operating areas.
DEA holds a significant growth portfolio and is focussing on accommodating M&A opportunities that will strongly contribute to scale and allow DEA to uniquely position itself in a leading European position with largely OECD based revenues.
DEA aspires to grow its hydrocarbons production to over 200 kboepd by 2020 and generate attractive returns on equity on all new investments to create value for its shareholders.