Reserves and Resources

DEA's business future is directly bound up with the development of reserves and resources. In recent years, exploration activities have made a significant contribution towards increasing the basic reserves and resources and have laid the basis for organic growth.

The proven worldwide reserves of crude oil have increased notably in recent years. This has less to do with new finds than with the revaluation of previously known reserves of crude oil, made necessary by new and more efficient production technology. Moreover, the current and the forecast levels of demand, as well as price levels, play a decisive role.

Basic resources at high levels

At the end of 2014 DEA had reserves and resources with a total volume of over 242 million m³ oil equivalents, a year-on-year increase of 5%. The withdrawals for on-going production were thus offset by new exploration successes and positive revisions.

DEA evaluates reserves and resources on the basis of business guidelines that are geared to internationally recognized standards in the oil and gas industry and checked by independent advisors. In the annual audit newly gained reservoir engineering and geo-scientific data are evaluated using state-of-the-art technology.