News

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In the 23rd licensing round, the Norwegian Ministry of Petroleum and Energy has offered DEA Norge two new licences in the Barents Sea.

From today, Dmitry Avdeev is a new member of the Board of Management of DEA Deutsche Erdoel AG. DEA’s Supervisory Board had decided the expansion of the Board on 4 May. Effective as of 1 August 2016 he will assume the function of Chief Financial Officer from Dr Johannes Karlisch and be placed in charge of the Controlling, Accounting & Taxes business units, Treasury as well as Internal Audits.

The Danish Energy Agency has awarded DEA Deutsche Erdoel AG two licences in Denmark. The concession area of about 530 square kilometres is located in the southern Central Graben in the western part of the Danish North Sea.

Effective as of 1 February, Uwe Balasus-Lange (49) took over the function as Head of the newly created division Germany/Denmark of DEA Deutsche Erdoel AG. He was previously engaged as Head of Field Development at the Hamburg-based company.

In the 2015 Awards in Predefined Areas (APA 2015), DEA Norge was awarded five new licences by the Norwegian Ministry of Petroleum and Energy, through its subsidiary DEA E&P; Norge.

As of February 1st, Dr Thomas Radwitz has been appointed General Manager of the Egyptian subsidiary of DEA Deutsche Erdoel AG. Egypt is one of the core countries for the German upstream company.

The acquisition of 100% of the shares of E.ON E&P; Norge AS by DEA Norge AS has been completed on the 16th of December. With the deal, DEA Deutsche Erdoel AG enhances its presence in Norway and its long-term commitment to the country’s oil and gas industry.

DEA Deutsche Erdoel AG has completed the farm-down of its stake in the West Nile Delta (WND) project in Egypt. Its share in all WND fields is now equalized at 17.25%.

The sale of the UK oil and gas business of DEA Deutsche Erdoel AG to INEOS has been completed. The sale included more than 30 licences on the UK continental shelf.