RWE Dea shuts down drilling rig at short notice

RWE Dea will not spud the next field development well “Völkersen Nord Z7”. The drilling rig T160 is currently being transported to the planned drilling site, where it will be placed in storage. The assembly work and commissioning will be carried out at a later date when feasible. The declining gas and oil prices and the fact that prices of equipment, material and services remain very high are the reasons for this operational measure. RWE Dea has taken up discussions with its suppliers with a view to jointly reaching solutions. Other projects will also be studied to generate savings for offsetting the current price developments.

The employees of the drilling operation were informed of the shutdown within the scope of a company meeting. The spudding of the well will be discussed at a later point in time again.


Background information
The drilling rig T-160 is one of Europe’s most high-performing drilling systems. The electrically driven deep drilling rig with a drive output of over 6,300 kilowatts also facilitates widely deviated as well as horizontal wells with distances of over 6,000 metres. The derrick of the T-160 rig stands about 62 metres tall.

Contacts
Dr. Olaf Mager
Head of External Communications
T +49 40 6375 2877
M +49 162 2732877

Derek Mösche
Press Spokesman
T +49 40 6375-2670
M +49 162 2732670