News

Here you will find the most important company news as well as current financial news.

Company News, 10.02.2019

Next Milestone for West Nile Delta

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 will initially produce around 400 million cubic feet of gas per day (mmscfd) and are expected to ramp up to a maximum rate of approximately 700 mmscfd.

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Company News, 15.01.2019

DEA awarded nine new licences in Norway

New promising exploration licenses awarded in the 2018 APA round expand DEA’s portfolio.

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Company News, 01.01.2019

Successful divestment of DEA’s gas storage facilities in Bavaria

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Company News, 04.12.2018

DEA to acquire Sierra Oil & Gas in Mexico, including stake in world class Zama discovery

DEA Deutsche Erdoel AG has signed an agreement to acquire Sierra Oil & Gas, a leading independent Mexican oil and gas company. Sierra holds interests in a portfolio of six exploration and appraisal blocks in Mexico, including the world class Zama discovery.

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Financial News, 15.11.2018

DEA presented its Q3 2018 Results

On our website you can find the webcast, the financial statements and the presentation.

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Company News, 06.11.2018

Paul Smith to be appointed as CFO of Wintershall DEA

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 regulatory approvals.

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Financial News, 01.11.2018

DEA Group to release 2018 third quarter results

A live webcast of the interim results will be held on Thursday, November 15th 2018 at 2.00pm Central European Time (CET), following the release of the financial statements for the third quarter.

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Financial News, 27.09.2018

Ad hoc release of DEA Finance S.A. - Planned merger

DEA Finance SA announces that LetterOne, the shareholder of the DEA Group, has confirmed it has signed a Business Combination Agreement with BASF to merge the parties’ oil and gas businesses and create Wintershall DEA. Closing of the transaction is subject to customary regulatory approvals.

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Financial News, 17.08.2018

Q2 2018 Results

DEA presented its Q2 2018 Results on 16.08.2018.

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Financial News, 02.08.2018

DEA Group to release 2018 second quarter results

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