Search results for: RWE Dea

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  • 17 October 2012
    Business & Finance

    RWE AG, through its subsidiary RWE Dea Norge AS, reached an agreement on the sale of its 20% licence interest in the “Edvard Grieg” development in Norway to OMV (Norge) AS, a subsidiary of OMV AG, for a cash purchase price of € 247.9 million as per effective date 1 January 2012 plus a contingent […]

  • 18 December 2013

    The Egyptian Ministery of Petroleum has signed the Concession Agreement for the East Ras Budran Offshore area with RWE Dea.

  • 21 April 2011
    Business & Finance

      RWE Dea Norge has been awarded two licences in the recent licensing round by the Norwegian Government. This further strengthens the company’s long-term commitment on the Norwegian Shelf. RWE Dea was awarded a 30% share in the license PL609 in the Barents Sea and a 15% share in the license PL596 in the Norwegian […]

  • 1 March 2012
    Business & Finance

    RWE Dea UK celebrates its 10 year anniversary: Looking back on a decade of successful exploration and production of natural gas in the United Kingdom. The company also expects significant growth in the next years. RWE Dea UK Holdings Ltd has been the operating subsidiary of RWE Dea AG since 2002 and now looks back […]

  • 18 December 2013
    Business & Finance, Operations & Maintenance, Research & Development

    The Egyptian Ministery of Petroleum has signed the Concession Agreement for the East Ras Budran Offshore area. RWE Dea is the operator, holding a share of 80%. The company plans a 3D seismic survey and one exploration well during the first three-year exploration period. RWE Dea announces that the Egyptian Ministery of Petroleum has signed […]

  • 20 December 2013

    In the 27th Offshore Oil and Gas Licensing Round, RWE Dea UK received the operatorship in a further three licences in the Southern North Sea. In addition to the two 27th Round licences awarded earlier this year, P2018 West of Shetland and P1975 Northern North Sea, RWE Dea UK has recently been awarded a further […]

  • 12 March 2012
    Business & Finance

    RWE Dea Norge AS, a wholly-owned subsidiary of the German upstream company RWE Dea, has entered into an agreement with Wintershall Norge ASA to acquire 10 percent equity in production license (PL) 418 in the North Sea. RWE Dea is thereby further strengthening its position in the northern North Sea, which is a core area […]

  • 19 June 2013

    As of June 1st, Hugo Sandal (62) has been appointed Managing Director of RWE Dea Norge. Sandal, who also ran the company from 1995 to 2011, has for the past two years been acting as Chairman of the Board of RWE Dea Norge, as well as Senior Vice President Production Europe at RWE Dea’s head […]

  • 12 February 2012
    Business & Finance

    The Supervisory Board of RWE Dea AG, a Hamburg based international company operating in the field of exploration and production of natural gas and crude oil, on Friday, February 10, appointed Dirk Warzecha as member of the Executive Board of the company, to take effect on 1 November 2012. As of 1 January 2013, he […]

  • 2 January 2013
    Business & Finance

    RWE Dea AG, an international exploration and production company for oil and gas, has announced the appointment of Dirk Warzecha as its Chief Operating Officer. Effective as of 1 January 2013, Dirk Warzecha assumed the function of Chief Operating Officer (COO) at RWE Dea AG. In this position, he is the successor to Ralf to […]

  • 26 January 2011
    Business & Finance

    RWE Dea Egypt announced today that it made a gas discovery in its own operated North El Amriya concession. The successful testing of the reservoir opens chances of further future discoveries in the licence. The NEA 3x discovery is located in the offshore North El Amriya concession, some 40 kilometers North of Alexandria. The well […]

  • 27 January 2012
    Business & Finance, Operations & Maintenance

    The Norwegian Government has awarded RWE Dea Norge seven new licenses, of which two as operator in the latest Awards in Predefined Areas round for 2011 (APA 2011). The two licenses awarded to RWE Dea as operator, each with a 40% share are situated next to the company’s operated license PL330 in the northern part […]

  • 27 January 2012
    Business & Finance

    The Norwegian Government has awarded RWE Dea Norge seven new licenses, of which two as operator in the latest Awards in Predefined Areas round for 2011 (APA 2011). The two licenses awarded to RWE Dea as operator, each with a 40% share are situated next to the company’s operated license PL330 in the northern part […]

  • 11 September 2013
    Business & Finance

    RWE Dea Egypt has produced first gas from the Disouq concession in the Egyptian Nile Delta. The project encompasses the development of seven gas fields in the area to produce a total of approx. 11.4 billion cubic metres of gas. Disouq is the first natural gas project to be brought into production by RWE Dea […]

  • 5 June 2014
    Business & Finance

    RWE Dea has achieved 30 years oil production in the Gulf of Suez. The company has produced over 640 million barrels of crude during these three decades. Ongoing investments in modern technology and infrastructure have maintained high production levels. Currently, RWE Dea is optimizing its gas lift installations in the Zeit Bay oil field. RWE […]

  • 14 June 2013
    Business & Finance

    In the 22nd licensing round, the Norwegian Ministry of Petroleum and Energy has offered RWE Dea Norge a new production license as operator. The Norwegian government announced the results of the 22nd licensing round, where RWE Dea Norge was awarded an 40% share in the PL721 license. The license is located in the north-west region […]

  • 19 July 2010
    Business & Finance

    RWE Dea will be investing 3.6 billion US-Dollars in the field development in the North Alexandria and West Mediterranean Deep Water concessions – the biggest single investment for the upstream company to date. Together with the Egyptian Petroleum Minister Sameh Fahmy, the Egyptian state-owned company EGPC and the operator BP, RWE Dea signed the relevant […]

  • 13 June 2013
    Business & Finance, Operations & Maintenance

    RWE Dea has signed a farm-in agreement with PETRONAS Suriname E&P BV (“PETRONAS Suriname”), acquiring a 40% interest in the licence Block 52 off the coast of Suriname. In doing so, RWE Dea will secure entry into the South American country with proven hydrocarbon potential. Under the farm-in agreement which is subject to completion, RWE […]

  • 26 November 2010
    Business & Finance

    RWE Dea UK announced today that the contract for the engineering, installation and pre-commissioning of the offshore pipeline, and associated fibre optic cable, for the Breagh Development has been awarded to Allseas Construction Contractors SA (“Allseas”). Allseas will perform the required detailed design engineering and will lay the approximately 100 km of 20” export line, […]

  • 11 September 2013

    RWE Dea announced that the first gas from the Disouq concession, in which RWE Dea Egypt holds 100% of all shares and with the Egyptian Natural Gas Holding Company (EGAS) as state partner, has been delivered to the Egyptian National Grid. The production is expected to ramp-up progressively during the commissioning period to reach a […]

  • 17 October 2012
    Business & Finance

    As the new General Manager, starting in November Maximillian Fellner will be in charge of the operations of RWE Dea Egypt in Cairo. Fellner, a petroleum engineer, has been responsible since 2008 as General Manager for the Suez Oil Company (SUCO), the joint venture of RWE Dea and the Egyptian General Petroleum Company (EGPC). The […]

  • 5 March 2015

    LetterOne group, run by the Russian billionaire Mihail Fridman, earlier this week bought RWE Dea, an oil and gas company based in Germany for 5.1 billion euros, from RWE group. The acquisition went ahead despite the UK objecting the move. The reason the UK is opposing the transaction is the fact that RWE Dea owns several […]