Press releases & news

Here you will find all press releases and the latest company news.

Mexico City, 16.04.2019

Successful Zama appraisal well and production test

The consortium of offshore Block 7 has successfully carried out a further appraisal well, including production testing. Hydrocarbon flow of well “Zama-2 ST1” achieved a rate of 7,900 barrels of oil equivalent per day (boe/d). DEA holds a 40% share as partner in Block 7.

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20.03.2019

Sierra acquisition completed

The acquisition of 100% of the shares of Sierra Oil & Gas by DEA Deutsche Erdoel AG was completed on the 19th of March. With the deal, DEA enhances its presence in Mexico and its long-term commitment to the country’s oil and gas industry. Mexico’s National Hydrocarbons Commission (CNH) and the Federal Economic Competition Commission (COFECE) have approved the transaction.

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Cairo, 07.03.2019

Concessions extended in Egypt

DEA has extended its concessions for the Ras Budran and Zeit Bay oil fields in the Gulf of Suez. At a formal ceremony event, witnessed by H.E. Eng. Tarek El-Molla the Egyptian Minister of Petroleum and Mineral Resources, DEA’s General Manager Sameh Sabry signed the new concession agreement. The new agreement extends the concession for five years ending mid-2022. It includes an optional extension of another five years until 2027, subject to mutual agreement.

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Field Development Mexico

Mexico City, 07.03.2019

Field Development Plan for DEA’s Ogarrio field in Mexico approved

The Field Development Plan for DEA’s operated oil field Ogarrio Onshore Mexico has been approved by the National Hydrocarbons Commission (CNH).

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Hamburg, 21.02.2019

Significant growth planned for Wintershall DEA

The merger of the longstanding German companies Wintershall and DEA is progressing. So far, the companies have applied for all relevant governmental approvals and aim for closing during the first half of 2019. The merger will make Wintershall DEA the largest independent gas and oil company in Europe.

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Cairo, 12.02.2019

DEA awarded new licence in the Onshore Nile Delta

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 the operator with a licence share of 100%.

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Cairo, 11.02.2019

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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Hamburg, 28.01.2019

New Perspective for Natural Gas

The phase out plan of the coal commission is a positive step towards achieving Germany’s climate targets. At the same time, the plan shaped the structural changes in the affected regions. Natural gas produced in Germany and imported from Russia, Norway, the Netherlands and North Africa is available as a substitute for coal-fired electricity.

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Stavanger, 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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Hamburg, 10.01.2019

DEA Deutsche Erdoel AG turns 120

The oil and gas production company DEA Deutsche Erdoel AG turned 120 years today. DEA is one of the most long-standing E & P companies in the world and was one of the first players at the dawn of the commercial oil production era. In Germany, DEA has provided important economic stimulus and made a significant contribution to the domestic energy supply.

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