Press releases & news

The drilling of appraisal well 7220/11-3 and sidetrack 7220/11-3 A on the eastern part of the Alta discovery in PL609 have been successfully completed.

DEA Deutsche Erdoel AG announces the appointment of Andreas J. Goss, Alf Henryk Wulf, and Dr Jan Konerding as members of its supervisory board. They are replacing Dmitry Avdeev, Jonathan Muir, and John Christopher Smith, who were interim appointments.

DEA published this year for the first time the company's own HSE program to inform partners and the interested public about the activities in the areas of occupational safety, health and environmental protection.

Drilling of delineation well 7220/11-2 and side track 7220/11-2 A on the Alta discovery in production license (PL) 609 in the Barents Sea has been successfully completed. Drilling location is approximately 6.5 km south west of the Alta discovery well, and some 160 km from the Norwegian coastline.

DEA is presenting applied technology highlights and recent projects at the largest and most comprehensive geoscience event in the world. DEA experts present papers at the official EAGE technical sessions and the visitors can experience DEA’s technical excellence at the company’s booth (Booth No. 910).

DEA Deutsche Erdoel AG has equalized its working interest and farmed down its stake in the West Nile Delta (WND) project in Egypt to its Joint Venture partner and operator BP in order to better balance its portfolio. The deal includes the sale of a portion of DEA’s stake in the ongoing Phase 1 development of five trillion cubic feet of gas resources. With the remaining interest of 17.25% in both concessions, WND will remain the largest project in DEA’s portfolio. The closing of this agreement is subject to approval of the Egyptian General Petroleum Corporation (EGPC).

The new General Manager for Egypt is Dr Hans-Hermann Ecke, who is responsible for the business of the Egyptian subsidiary of DEA Deutsche Erdoel AG based in Cairo since the beginning of March.

Following the successful closing of the sale, CEO of DEA, Thomas Rappuhn, had the opportunity to inform Olaf Scholz, Mayor of the Free and Hanseatic City of Hamburg, about the plans of the new owner, the international investor group LetterOne.

The Knarr oil and gas field went into production 16 March. The discovery was made in 2008, two years after the license was awarded. The field has gross recoverable reserves of around 80 million barrels of oil equivalents. DEA Norge, the Norwegian subsidiary of DEA Deutsche Erdoel AG, is partner in the license.

DEA Deutsche Erdoel AG will commence with the planned field development well “Völkersen Nord Z7” before Easter. The installation of the drilling rig T-160 at its intended drilling location south of Grasdorf has already begun.