RWE Dea Norge Celebrates 40th Anniversary

RWE Dea Norge Celebrates 40th Anniversary

RWE Dea Norge is celebrating its 40th year in Norway this fall. Since the start-up in 1973 as one of the pioneers in the Norwegian oil and gas industry, the company has steadily grown and has developed a solid knowledge environment with some of the best heads in the business.

“Norway has always been an important country for our company,” says Thomas Rappuhn, CEO of RWE Dea, RWE Dea Norge’s German parent company. “We have pursued an active and engaged strategy in applying for and acquiring new licenses and expanding to new areas on the shelf. Today, RWE Dea Norge is one of our most successful operations.”

RWE Dea Norge was recently awarded operatorship on PL721 in the north-western region of the Barents Sea. The company is also gearing up to drill an appraisal well on the promising Titan discovery that the company made in 2010. Development of the Zidane field in the Norwegian Sea is a key project for RWE Dea Norge. The Plan for Development and Operations (PDO) is scheduled to be submitted by the end of this year.

“Together with Gjøa and Skarfjell, the operated Titan license has the potential to become a core area for RWE Dea in the future,” says RWE Dea Norge’s Managing Director Hugo Sandal, who has helmed the company since 1996 with only a short break from 2011 to 2013 when he was Senior Vice President for the European assets at RWE Dea‘s head office in Hamburg.

“RWE Dea has over the years built a significant licence portfolio in the western part of the Barents Sea,” he continues. “PL721 is situated in a largely unexplored part of the Barents Sea, but recent oil discoveries further south is encouraging. We are very excited to be part of the pioneering efforts in this area of the Norwegian continental shelf.”

“Much has happened since RWE Dea Norge was established in 1973 as a small company called Deminex Norge with only a few employees,“ says Sandal. “Since then, we have had the chance to participate in the Norwegian oil adventure, and today we stand as an established and experienced company with 39 licenses on the shelf.”

The company’s growth has accelerated in recent years, and the 100 employee milestone was broken not long ago. “Our dedicated, highly qualified and competent employees are our most important asset, and the credit for what our company has accomplished goes to them,” says Sandal.

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Press Release, October 18, 2013

 

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